You might look into the Sig 522. Its pretty accurate for a semiauto 22 with a 16" barrel. It doesn't exactly break down but it has a folding stock which folds to 26.1" and it is pretty light so its easy to carry around all day. You can get (in free states) 25 rd mags for it and they are VERY reliable. It has very few moving parts and its really easy to take apart and clean.
Only downside is the price. Cheapest I have ever seen them for is $450 out the door.
Good luck on your search.
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