Public School Repair and Renovation Act of 2001

Public School Repair and Renovation Act of 2001 - Amends the Elementary and Secondary Education Act of 1965 to establish a School Renovation grants program. (This five-year program is similar to a program currently authorized for one year under the Department of Education Appropriations Act, 2001.)

Allots program funds, after certain reservations, to States for distribution through competitive grants to high-poverty LEAs, rural LEAs, and other LEAs. Requires: (1) 75 percent of program funds to be used for the urgent repair and renovation of public elementary and secondary schools in high-need areas, including renovations to comply with specified accessibility requirements of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990; and (2) 25 percent for technology activities related to school renovation or for special education activities authorized under part B of the Individuals with Disabilities Education Act.

Amends the Department of Education Appropriations Act, 2001 to revise the authorization of appropriations for a charter school credit enhancement initiative program.