AFR definition

AFR means a school district's annual financial report, one component of which is the AFR for all pupil transportation costs.
AFR means the interest rate determined under Section 1274 of the Code.
AFR means the "applicable federal rate" as defined and determined in the manner set forth in Section 1274 of the Code.

Examples of AFR in a sentence

  • Per School Code (105 ILCS 5/17-1) - If the Deficit AFR Summary Information tab from the 2021-2022 Annual Financial Report (AFR) reflects a deficit as defined above, then the school district shall adopt and submit a deficit reduction plan (found here on page 23-27) to ISBE within 30 days after acceptance of the AFR.

  • Table 2 contains the short-term, mid-term, and long-term adjusted applicable federal rates (adjusted AFR) for the current month for purposes of section 1288(b).

  • Release of the summary report, and any agency or other responses, are governed by 5 ILCS 430/20-52.

  • Charges for handling foreign military sales cargo are prescribed in AFR 170–3, Financial Management and Accounting for Secu- rity Assistance and International Pro- grams.

  • Table 1 contains the short-term, mid-term, and long-term applicable fed- eral rates (AFR) for the current month for purposes of section 1274(d) of the Internal Revenue Code.


More Definitions of AFR

AFR means the short-term applicable federal rate for quarterly compounding, as described under Section 1274(d) of the Internal Revenue Code of 1986, as amended.
AFR means the Facility’s annual fuel requirement.
AFR means the applicable federal rate pursuant to Section 1274 of the Code as in effect from time to time. Unless otherwise determined by the General Partner, AFR shall mean the short term AFR.
AFR means, for any Business Day, the monthly short-term applicable federal rate, based on a monthly compounding period, published by the Internal Revenue Service for the Applicable Month in which such Business Day occurs.
AFR means the rate published in connection with Treas. Reg. Section 1.482-2(a)(2)(iii) (or any successor thereto or replacement thereto).