Burn Area Flood Prevention Act of 2011

Burn Area Flood Prevention Act of 2011 - Amends the Federal Land Assistance, Management, and Enhancement Act of 2009 to include within the purpose of FLAME Wildlife Suppression Reserve Funds to cover the costs of burn area responses, including flood prevention. Amends the National Flood Insurance Act of 1968 to make the waiting period for coverage under a new contract for flood insurance coverage, and any modification to coverage under an existing flood insurance contract, inapplicable to the initial purchase of flood insurance coverage upon a determination by the Administrator of the Federal Emergency Management Agency (FEMA) that such period should be waived for private property affected by flooding on federal land affected by wildfire.

Establishes the Schultz Fire Flooding Area Task Force. Designates the FEMA Administrator as the Chair of the Task Force. Directs the Task Force to: (1) coordinate the efforts of the entities represented on the Task Force (including FEMA, the Corps of Engineers, the Forest Service, the Natural Resources Conservation Service, the United States Geological Survey [USGS], state and local governments, and community-based organizations and other interested parties) to immediately implement interim flood protection systems, including the retention of water retention basins; (2) identify existing and potential funding, technical assistance, general investigations, and construction of short-term flood protection projects; and (3) carry out a detailed study of the affected area to evaluate the potential of integrating projects and programs of the Corps of Engineers, FEMA, and the Department of Agriculture (USDA) into a comprehensive, long-term flood protection system for the affected area.

Directs the Attorney General to report on court costs and legal fees and expenses awarded in connection with the Jack Smith/Schultz Fuels Reduction Healthy Forest Restoration Project.