With new bylaws, the board will be able to decide who can run for alumni seats and can punish those who speak against board decisions.
The contract promises a 20% raise for employees over four years.
Walk's Service Center Inc. was accused by the Pennsylvania attorney general of participating in unfair and deceptive business practices.
Carter was one of 10 players, and the only Nittany Lion, mentioned by the conference.
Jeff and Ann Marie Fox donated $20 million to the university.
The budget features increases between 1-4% for tuition, housing, and food for most students.