The limit is to be established 90 days before the fiscal year starts
What the document says“The Director shall establish the proposal limit under paragraph (1) not later than 90 days before the start of fiscal year 2027 and each fiscal year thereafter.”
Paragraph (4) sets when the limit is due. The Director establishes it no later than 90 days before the start of fiscal year 2027 and of each fiscal year after it.
What the document actually says“The Director shall establish the proposal limit under paragraph (1) not later than 90 days before the start of fiscal year 2027 and each fiscal year thereafter.”
The cap must be set before the year starts. It is due 90 days ahead of the start.
A firm plans its bids ahead of time. Setting the cap early means firms know it in advance.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.