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

SJR 23 proposes constitutional amendments to Alaska's Permanent Fund, requiring that 50% of annually withdrawable funds (limited to 5% of the fund's average value over the prior five years) be paid directly as dividends to eligible Alaska residents. The bill also mandates that at least 25% of mineral revenue must fund the Permanent Fund, with all fund income retained in the state's general fund unless otherwise specified. It allows the remaining 50% of withdrawable funds to support state government operations. This constitutional change requires voter approval at the next general election.