The residence hall -- like all other dorms in East Halls -- will be named after a former governor of Pennsylvania.
Some legislators have already cited higher education funding cuts as a possible avenue to balancing the budget.
Trustees emeriti give advice to the Board of Trustees and are invited to attend all activities and public meetings of the board.
Penn State filed a brief in court on Thursday to dismiss the Board of Trustees and individual defendants from a gender bias suit that accuses the university of favoring women when investigating sexual misconduct allegations.
The center was originally dedicated to Schultz on September 23, 2011 -- just six weeks before Schultz was charged for mishandling a report about Jerry Sandusky's sexual misconduct.
She alleges her contract was not renewed because she complained about the effect physical assessments had on students.