ARMS AND AMMUNITION. UNRESTRICTED PERSONAL POSSESSION AND USE. INITIATIVE CONSTITUTIONAL AMENDMENT. Establishes personal right of people to acquire, possess, transfer, transport, carry, and use arms and ammunition for defense of person, family, home, livelihood, liberty; for defense and safety of State; for sport, recreation. Prohibits state and local governments from restricting those rights. Provides that all existing state and local laws which are in conflict, except laws restricting persons found physically or mentally incompetent, convicted felons, or criminal activities, are inoperative. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Probably no net direct costs to s...