School Safety Fund Act of 2001 - Authorizes the Attorney General to make grants to applying local educational agencies (LEAs) for school violence prevention and school safety activities in secondary schools.

Authorizes LEAs to use grant funds to: (1) establish hotlines or tiplines for reporting potentially dangerous students and situations; (2) hire community police officers; (3) purchase metal detectors, surveillance cameras, and other school security equipment; (4) provide training to teachers, administrators, and other school personnel in identifying, detecting, and responding to early warning signs of troubled and potentially violent youth; (5) establish conflict resolution, counseling, mentoring, and other violence prevention and intervention programs for students; (6) hire counselors, psychologists, mental health professionals, and school social workers; and (7) carry out an activity for any other purpose that the Attorney General determines to be appropriate and consistent with the purpose of this Act.