Alternative Education for Safe Schools and Safe Communities Act of 2001

Alternative Education for Safe Schools and Safe Communities Act of 2001 - Amends the Elementary and Secondary Education Act of 1965 to establish a program of Alternative Education Financing and Establishment Grants.

Directs the Secretary of Education to make formula allotments to States, reserving certain amounts for outlying areas, programs for Indian children, and national activities and evaluation.

Requires State educational agencies (SEAs) to distribute allotments as competitive or formula grants to local educational agencies (LEAs), under specified conditions, reserving certain amounts for State-level activities, evaluation, and administration.

Directs the Secretary to: (1) conduct research to develop and identify proven alternative education practices; and (2) disseminate such practices to SEAs and LEAs receiving program funds. Authorizes the Secretary to carry out, directly or through grants or contracts, programs and activities consistent with the purposes of this Act, such as collection of data, dissemination of information, and development of model programs and activities.

Provides that nothing in this Act shall be construed to affect the requirements of the Individuals with Disabilities Education Act or the Gun-Free Schools Act.