Klamath Basin Economic Restoration Act of 2011

[AI summary unavailable — showing source text] Klamath Basin Economic Restoration Act of 2011 - Approves the "Klamath Basin Restoration Agreement for the Sustainability of Public and Trust Resources and Affected Communities," except to the extent such Agreement conflicts with this Act. Requires the Secretary of the Interior, the Secretary of Commerce, and the Secretary of Agriculture (USDA) to: (1) sign and implement such Agreement; (2) implement amendments to such Agreement approved by the signatories after this Act's enactment, unless one of the Secretaries determines that the amendment is inconsistent with this Act or other law; and (3) carry out each Secretary's responsibilities under such Agreement. Provides that the signature by the Secretaries of such Agreement does not constitute a major federal action under the National Environmental Policy Act of 1969 (NEPA). Establishes in the Treasury: (1) the On-Project Plan and Power for Water Management Fund, (2) the Water Use Retirement and Off-Project Reliance Fund, and (3) the Klamath Drought Fund. Lists the purposes of the Klamath Reclamation Project to be irrigation, reclamation, flood control, municipal, industrial, power, national wildlife refuge, and fish and wi…