Penn State has already paid $12 million toward the $60 millionfine agreed upon by the NCAA and the University.
The fine was imposed as a result of the Sandusky Scandal, and now State lawmakers want to ensure that money stays here in PA.
Senator Jake Corman says he's not trying to change the consent agreement between Penn State and the NCAA in anyway, and everything agreed upon will happen as planned. He says the consent agreement only states 25% of the money will stay in PA, Corman wants to change that to be 100%. "Consistant with the concent decree NCAA set up an endowment, put it toward programs the NCAA said, but the concent decree is silent on where the money should be spent."
And that is the multi-million dollar issue. So far Penn State has put $12 million toward the $60 million imposed. But where should the fine money be spent.
That plan does not sit well with Pennsylvia Senator Jake Corman. "Penn state is a public university and gets money from the state. Most of the money being raised is tax dollars or ticket sales raised by Pennsylvanians for the most part so there for the money should go for the betterment of PA."
Corman says his new legislation will make it so that any institution that recieves state funding, and gets a fine, that fine money will stay in PA and improve the programs here in the state. "A
The full $60 million actually goes into endowment. Programs would be funded through the intrest earned off the endowment and Corman says nationally that impact would be quite small. But statewide it could make a big difference.
Gov. Corbett says he supports the legislation which is expected to be introduced in January.
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HARRISBURG, Pa. (AP) — Penn State is beginning to make good on $60 million in fines stemming from the Jerry Sandusky scandal — and a leading lawmaker wants the money kept in-state.
Sen. Jake Corman said Thursday he will introduce a bill to guarantee the NCAA fine goes toward "the betterment of Pennsylvanians."
Corman, Republican chairman of the Appropriations Committee wants lawmakers to act quickly. The university has already made its first $12 million payment.
Corman says the money comes from funds raised largely in Pennsylvania.
He plans to ask a state court to block the NCAA from releasing any money outside Pennsylvania.
A university spokesman is declining comment.
Sandusky is serving a lengthy prison sentence after being convicted this summer of 45 counts of child sexual abuse.
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