Indian Tribal Development Consolidated Funding Act of 2001

Indian Tribal Development Consolidated Funding Act of 2001 - (Sec. 5) Authorizes the Secretary of the Interior to establish a demonstration project under which up to 24 Indian tribes, tribal organizations, or consortia of tribes or organizations per fiscal year may receive aid in obtaining Federal resources and in more efficiently administering those resources for the furtherance of tribal self-governance and self-determination.

(Sec. 6) Specifies application requirements, review procedures, and approval guidelines.

(Sec. 7) Authorizes the President, acting through the heads of the appropriate Federal executive agencies, to promulgate regulations necessary to carry out this Act. Specifies the Federal executive agencies included within the scope of this Act.

Authorizes the head of each Federal executive agency to: (1) identify suitable projects; (2) assist in planning and developing projects (including guidelines, models, and application forms); (3) review program requirements; (4) establish regulations; and (5) establish application processes and project supervision procedures (including procedures for designating agencies responsible for processing applications and project supervision) for joint administration of appropriate related Federal programs.

(Sec. 8) Outlines procedures for processing requests for joint financing (financing by at least two Federal assistance programs).

(Sec. 9) Authorizes the head of a Federal executive agency to: (1) promulgate uniform regulations concerning inconsistent or conflicting requirements between participating agencies; and (2) delegate supervision of joint agency projects to another appropriate Federal executive agency.

(Sec. 11) Authorizes the establishment of a joint assistance fund to ensure that amounts received from more than one Federal program or appropriation are more effectively administered. Authorizes the use of excess funds to be determined by the head of the Federal executive agency administering the joint assistance fund.

(Sec. 12) Provides for the financial management, accountability, and audits of the use of financial assistance provided.

(Sec. 13) Authorizes the provision of technical assistance and personnel training under a project approved for joint financing.

(Sec. 14) Authorizes the head of an executive agency to enter into an agreement with a State to extend the benefits of this Act to a project that involves assistance from at least one executive agency, the State, and at least one tribal agency or instrumentality.