This document presents the amended text of S. 123, cited as "Smart Start: The Community Collaborative for Early Childhood Development Act of 1989," a bill to provide financial assistance to states and localities for high quality early childhood development programs for prekindergarten children. Sections concern: (1) the short title and table of contents; (2) statement of findings and purpose; (3) definitions; (4) program authorization; (5) eligibility for federal assistance; (6) allotments to states; (7) locality and within-state allocation; (8) planning grants; (9) state advisory task forces; (10) lead state agencies; (11) state applications and state plans; (12) local policy groups; (13) local plans and applications; (14) eligible children and families; (15) use of funds; (16) minimum standards; (17) federal administrative provisions; (18) evaluation; (19) nondiscrimination; (20) payments, the nonfederal share, supplementation of funding; and (21) records and audits. (RH)