Proposing amendments to the Constitution of the State of Alaska relating to the permanent fund, relating to transfers out of the permanent fund, and requiring payment of a dividend to eligible state residents.

This bill proposes changes to the Alaska Constitution to establish a permanent fund for mineral revenues and mandate annual dividend payments to eligible state residents. It requires that at least 25% of mineral lease rentals, royalties, and related payments be placed into the fund, where the principal is invested to generate income. The bill also specifies that this income must be used to pay dividends to residents without needing a separate appropriation from the state legislature. Additionally, it clarifies that no money can be withdrawn from the fund for general spending except for these required dividend payments.