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Board OKs presidential search rules

Updated: November 16, 2012, 7:47 PM ET
Associated Press

STATE COLLEGE, Pa. -- Penn State trustees on Friday approved the process to find a new president and an athletics code of conduct required by the NCAA as part of the penalties for the child-sex abuse scandal involving former assistant football coach Jerry Sandusky.

The university also received encouraging news after the Middle States Commission on Higher Education lifted its accreditation warning and reaffirmed the school was in compliance with the agency's governance, finance and integrity ...

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