This is the end run around the initiative, if they pass something which resembles what the initiative asks for, the initiative becomes moot.  So they pass something to be a placeholder to avoid abiding by an initiative and then quietly repeal and revise it the following session.

That's how they deal with citizen initiatives that get through their efforts to stop them by way of making the process harder.  if you do succeed in running their gauntlet, they'll pull the end run and defeat the will of the people by some other manner.

Welcome to Alaska, where you too can exercise your right to be fooled into thinking you have a voice in your own governance.