The Ohio Higher Educational Facility Commission (OHEFC) may assist those educational institutions that are organized as not-for-profit institutions and hold an effective certificate of authorization issued under Section 1713.02 of the Revised Code. Eligible healthcare institutions ("Nonprofit hospital agency") include any corporation or association not for profit, no part of the net earnings of which inures or may lawfully inure to the benefit of any private shareholder or individual, that has authority to own or operate a hospital facility or provides or is to provide services to one or more other hospital agencies (as defined in Ohio Revised Code Section 140.01).
Institutions that are not eligible for financing through the Commission are public and/or proprietary colleges, universities, and healthcare providers and institutions created under Chapter 33 of the Revised Code, or any institution whose principal educational activity is preparing students for or granting degrees, diplomas, and other marks of proficiency which have value only in religious and ecclesiastical fields.
