Proposing amendments to the Constitution of the State of Alaska relating to an appropriation limit.

This constitutional amendment proposes a spending limit for Alaska's state government, capping annual appropriations at a percentage of the state's average real economic output (GDP) over the previous five years. It would require voter approval for any spending exceeding this limit, with specific exceptions for permanent fund dividends, bond proceeds, and disaster response. As a constitutional amendment, it must be approved by voters before taking effect.