<Li> Prohibits any city or county from expending funds derived from the proceeds of implementing, administering or operating a firearms buyback program . </Li> <Li> Preempts any and all local control of firearms and ammunition . No city or county or agent of such will be able to adopt any ordinance, resolution or regulation or take any administrative action governing the purchase, transfer, ownership, storage, carrying on one's person or transporting firearms or ammunition or any component or combination thereof . </Li> <Li> No city or county or agent of such will be able to adopt any ordinance, resolution or regulation relating to the sale of a firearm by an individual who holds a federal firearms license that is more restrictive than any ordinance or regulation relating to the sale of any other commercial good . </Li> <Li> Clarifies that no municipality can enact any ordinance, resolution, regulation or tax relating to the transportation, possession, carrying, sale, transfer, purchase, gift, devise, licensing, registration or use of a knife or knife making components . Nullifies all existing past ordinances and prohibits future ones . </Li>

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