Amends TCA Section 8-25-115.

Present law authorizes the state treasurer to inquire with local governments and volunteer fire departments about establishing a length of service award program pursuant to federal law. Based on the results of this inquiry, the state treasurer may establish a length of service award program. This bill adds authorization for the state treasurer to develop, implement, and administer a program to award grants to eligible employers for the purpose of funding a length of service award program pursuant to the above provision. In the fiscal year beginning July 1, 2023, and ending June 30, 2024, and in each fiscal year thereafter, this bill authorizes the state treasurer to award to an eligible employer, on a first come, first served basis, a grant of a maximum of $200 for each bona fide volunteer of the eligible employer up to a total maximum amount of $5,000, for the purpose of matching eligible employers' contributions; provided, however, that in any fiscal year during which an eligible employer requests and is to be awarded a grant, the eligible employer must certify to the state treasurer the number and names of its volunteers and to make the minimum contribution of at least $200 for each volunteer. Grant amounts must be contributed to a volunteer's length of service award account.