School and Local Educational Agency Resources Efficiency Act - Amends the Elementary and Secondary Education Act of 1965 (ESEA) to suspend, beginning in the 2011-2012 school year, new identifications of schools or local educational agencies as needing restructuring for failing to make adequate yearly progress (AYP) toward state academic performance standards.
Lifts such suspension on the earlier of the last day of the 2012-2013 school year or the reauthorization of the ESEA.