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</b> </i>] Creates the crime of unlawful transport, manufacture or transfer of a rapid fire activator. Punishes by a maximum of 10 years' imprisonment, $250,000 fine, or both. Creates the crime of unlawful possession of a rapid fire activator. Punishes by a maximum of 364 days' imprisonment, $6,250 fine, or both. Specifies exceptions for both crimes. Authorizes the governing body of a city, a county or a special district that owns or controls a public building that is used for official meetings to limit the affirmative defense for concealed handgun licensees for possessing a firearm in the public building. Provides that in a prosecution for possessing a firearm in a building subject to such limit, the concealed handgun licensee affirmative defense is not a complete defense, but results in a Class A misdemeanor conviction punishable by 364 days' imprisonment, $6,250 fine, or both. <b>Provides that the provisions of Ballot Measure 114 (2022) apply to firearm transfers conducted, and large-capacity magazine manufacture, importation, possession, use, purchase, sale or transfer occurring, on or after March 15, 2026.</b> Takes effect on the 91st day following adjournment sine die.