Local Community Emergency Assistance Act of 1989

Local Community Emergency Assistance Act of 1989 - Repeals provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 that terminated the general revenue sharing program. Revives the program retroactively as of April 7, 1986. Redesignates the program as the Local Community Emergency Assistance Program. Authorizes appropriations for FY 1990 through 1992 for the program.

Specifies the amount which may be appropriated to the State and Local Government Fiscal Assistance Trust Fund to pay entitlement amounts to local governments. Increases the maximum percentage of a State's allocation that may be allocated to a local government.