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

HJR 10 proposes constitutional amendments to Alaska's Permanent Fund, primarily increasing the annual appropriation limit from 4% to 5% of the fund's average value over the prior five years. It would allow the legislature to transfer this amount to the general fund each year for state spending, while requiring the fund to retain all income except for investment costs. The bill also mandates transferring the unencumbered earnings reserve balance into the permanent fund by June 30, 2027. These changes directly affect how Alaska manages its permanent fund revenues and state budget allocations. The proposal must be approved by voters at the next general election to take effect.