Firearms Regulation.

FIREARMS REGULATION. INITIATIVE STATUTE. Provides that no legislation, regulation or judicial ruling which would have the effect of restricting, regulating, banning, prohibiting or limiting firearms, firearms components, ammunition or ammunition components, firearm accessories or the sale, transfer, manufacture, possession or lawful use thereof, shall be enacted by the Legislature or any other government legislative, executive or administrative agencies without a confirming vote by the majority of the people. Provides January 1, 1989, effective date. Repeals specified gun control legislation. Also repeals and invalidates legislation, regulation or judicial rulings contrary to intent of measure without regard to enactment date. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Due to the vagueness in the wording of this measure, it is not possible to estimate its fiscal impact on the state and local governments