The wording (from the Alaska voters pamphlet):

This bill amends current law banning same-day airborne shooting to include grizzly bears. The bill permits the Board of Game to allow a predator program for wolves and grizzly bears if the Commissioner of Fish and Game finds an emergency, where wolves or grizzly bears in an area are causing a decline in prey. Only employees of the Department of Fish and Game could take part in the program. Only the minimum number of wolves or grizzly bears needed to stop the emergency could be removed.

Janeen’s summary taken from the full text of the measure:

This measure states that a person can’t shoot a wolf, wolverine, or grizzly bear during the same day that they have been airborne (not counting regularly scheduled commercial flights), unless the Commissioner of Fish and Game says there’s a biological emergency. According to the measure, a biological emergency means “a condition where a wolf or grizzly bear population in a specific geographic area is depleting a prey population to a point that if not corrected will cause an irreversible decline in the prey population such that it is not likely to recover without implementing wolf or grizzly bear control.”

If you’re in favor of limiting airborne predator control to times when the Commissioner of Fish and Game claims a biological emergency (and feel that the current program does not adequately monitor and restrict airborne hunting), you’ll want to vote YES on this measure. If you want to leave the airborne predator control program as is, and believe the current program wisely monitors airborne hunting, you’ll want to vote NO.

The question I still have with regards to this measure is, “What is the current regulation regarding airborne hunting?” I haven’t found a good answer to this query.