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Amends California Constitution to declare that governmental entities within California, including cities and counties, may not make any law or ordinance that prevents any citizen from owning or legally acquiring property, or that limits the amount of property one may acquire, grow, produce, or own. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: The fiscal effect of this measure cannot be determined, as it would depend largely on how the measure’s terms are interpreted by the courts and implemented by government. (Initiative 07-0060.) (Full Text)