CATA will use the reimbursements to assist riders during its reduced holiday schedule.
Smith totaled 131 tackles over the course of his three-year career for the Nittany Lions.
Penn State women's basketball's December 22 matchup against Towson has been canceled due to positive COVID-19 tests within Towson's program.
"I think that I definitely want to right the ship and to do it the way that I want."
Penn State said the games against VCU and Quinnipiac won't be rescheduled.
Penn State is expected to provide an update on its spring semester plans by Thursday, December 30.