The trustees of Pennsylvania State University have authorized paying approximately $60 million to settle with about 25 of 30 individuals who alleged they were sexually abused by former Assistant Football Coach Jerry Sandusky, The Wall Street Journal reported Thursday.

A spokesperson for the university said the university would not comment on the report, which cited people familiar with the case.

The university's board last week approved a resolution authorizing the university to make settlement offers to individuals who have made claims against Penn State in connection with Mr. Sandusky's actions. In a statement, the university said the authorization is limited to offers recommended by the board's legal subcommittee “within a range of dollar values described to the board in a confidential, attorney-client privileged session.”

While Penn State had has no definite timetable for settling the cases, university officials “hope to conclude the process with the majority of the claimants within the next several weeks,” according to the statement.

The university has said insurer Pennsylvania Manufacturers' Association Insurance Co., from which Penn State purchased comprehensive general liability coverage, should pay the claims. Penn State is involved in legal action to force the Blue Bell, Pa.-based insurer to do so.

Mr. Sandusky, former defensive coordinator for Penn State's football team, received a 30- to 60-year sentence after being convicted in June 2012 of sexually molesting 10 boys.

In a statement Wednesday, officials said Penn State has moved to implement 118 of 119 recommendations presented in a report from former FBI Director Louis Freeh, who was commissioned by the university to study the Sandusky situation and identify ways Penn State could improve safety and governance.

The university noted that the recommendations it has adopted are ongoing actions. The one recommendation from the Freeh Report the university has not adopted would have separated its human resources office from its finance and business operation.

After benchmarking with peer institutions, “the university believes that insufficient rationale exists” to separate the operations. “With the consent of the NCAA and the Big Ten Conference, this recommendation will not be adopted,” Penn State said in the statement.