We've gathered input from both sides and brought it together to put it before the people.
Here’s what the initiative says:

AN INITIATIVE REQUIRING MEETINGS OF THE ALASKA LEGISLATURE TO BE HELD IN ANCHORAGE

BE IT ENACTED BY THE PEOPLE OF THE STATE OF ALASKA:

SECTION (1) All regular and special meetings of the Alaska Legislature shall be held in the Municipality of Anchorage, Alaska.

SECTION (2) Since this initiative deals only with the location with the location of meetings, the provisions of AS 44.06.050 through AS 44.06.060 shall not apply. The provisions of AS 44.06.050 through AS 44.06.060 are amended to state that they do not apply to the location of legislative meetings.

SECTION (3) Any and all language in any statute or regulation of the State of Alaska which states or implies that the Legislature must or should meet in the capital or elsewhere than Anchorage is repealed to the extent of that type of statement or implication.

SECTION (4) The provisions of this Act are independent and severable, and if any provision of this Act, or the applicability of any provision to any person or circumstance, shall be found to be invalid, the remainder of this Act shall not be affected and shall be given effect to the fullest extent practicable.