The University System of Georgia (USG) is the organizational body that includes 35 public institutions of higher learning in Georgia. The System is governed by the Georgia Board of Regents. It sets goals and dictates general policy to educational institutions as well as administering Public Library Service of the state which includes 58 public library systems. The USG also dispenses public funds (allocated by the state's legislature) to the institutions but not the lottery-funded HOPE Scholarship. The USG is the fourth largest university system in the United States by total student enrollment, with 311,442 students in 35 public institutions. The three larger systems are the University System of Ohio, State University of New York, and California State University. The University System of Georgia was created with the passage of the Reorganization Act of 1931 by the Georgia General Assembly in 1931. The Reorganization Act created a Board of Regents to oversee the state's colleges and universities and the 26 boards of trustees that had provided oversight over the various institutions before passage of the act.