International Local Government Exchange Act of 1992

International Local Government Exchange Act of 1992 - Authorizes the President, acting through a designated agency, to establish a program for technical assistance in local and regional self-government to the independent states of the former Soviet Union.

Requires the President, in providing such assistance, to make grants to eligible organizations to cover travel and administrative expenses incurred by such organizations in conducting: (1) an assessment of the need by any independent state for fiscal, legal, and technical expertise at the local and regional level; and (2) training of local and regional governmental officials in democratic institution-building and public administration. Limits funding for visits to six months. Lists organizations that shall receive priority consideration for grants.

Authorizes appropriations.