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Penn State NCAA Payment
12/8/2012
 
 
 

Penn State University is set to make its first payment of the sixty million dollar fine issues by the NCAA later this month.  The University said Friday it will make the first of five annual payments on December 20th.  The NCAA says the money will be held in a money market account while a task force works out guidelines for distribution of grants established to combat child sex abuse.  The NCAA imposed the fine and other sanctions after Penn State's handling of the Jerry Sandusky scandal.

  
 
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