OWNERSHIP OF FIREARMS. INITIATIVE CONSTITUTIONAL AMENDMENT. Bars public officials and the Legislature from: prohibiting the private ownership of firearms or ammunition, confiscating privately-owned firearms or ammunition, taking any action restricting or denying the right to purchase, own, possess, sell, lease, loan, manufacture, transport, or use armaments and ammunition for purpose of defense of person, family, home, or property, regardless of any condition that may exist, including state or national emergency. These provisions do not apply with respect to felons or individuals legally declared mentally incompetent. Includes other provisions and statements of policy. Summary of estimate by Legislative Analyst and Director of Finance of fi...