Carter announced he entered the transfer portal on March 19.
"I think the MILF is going to change college athletics for the better."
The motion passed at the full board by a unanimous 30-0 vote.
Taylor is the third commitment for Penn State's recruiting class of 2027.
This is the Nittany Lions' first win since February 28.
Despite the Nittany Lions' 5-13 record, an NCAA Tournament berth is still possible.