Board Meets Off-Cycle To Increase What University Can Spend Without Its Approval

Update 5:05 p.m.: Today’s meeting and the topics discussed were not official. The meeting was held to discuss the proposed changes that will be considered by the committee on Governance and Long-Range Planning when the Board meets for its May meeting.

Spending rules for Penn State will remain unchanged until the proposed changes are discussed in May.

Original: A special Board of Trustees meeting was held earlier Thursday afternoon that resulted in some changes pertaining to Penn State administration spending powers.

Previously, Penn State needed to seek approval from the Trustees on projects that cost up to $5 million. That figure saw a 300 percent increase today meaning Penn State can spend up to $20 million without Trustee approval.

These projects include building renovations and the distribution of funds. Certain rights such as honorific road and building names must still be approved by the Board, however. This decision gives Penn State far more power — or creative control, if you will — than it’s had before in terms of spending decisions, and shows a type of leniency we haven’t seen in some time from the Board in allowing the university to make these decisions without approval.

 

More Options to Share

About the Author

David Abruzzese

David is a senior from Rochester, NY, nestled right in beautiful Western New York. He is majoring in Broadcast Journalism, and as an avid sports fan, he passionately supports the Buffalo Bills and Buffalo Sabres. He is the first Penn Stater from his family, and couldn’t be prouder to represent Penn State University. In his free time, he likes to alpine ski, and play golf. You can follow him on Twitter @abruz11, and can contact him via email at [email protected]

Comments

Facebook Comments BBUI

Other stories

Send this to a friend