Proposing amendments to the Constitution of the State of Alaska relating to the Alaska permanent fund, appropriations from the permanent fund, and the permanent fund dividend.

SJR 5 proposes constitutional amendments to Alaska's Permanent Fund rules. It would require the legislature to annually appropriate up to 5.5% of the fund's average value to the general fund, with a portion specifically designated for resident dividend payments. Crucially, it mandates that any change to the dividend amount must be approved by voters in a statewide election, not just passed by the legislature. These changes would apply to appropriations starting with the 2028 fiscal year, affecting how Alaska manages its oil revenue fund and distributes dividends to residents.