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It may not look like much now, but OMB can release more of this money at any time by issuing a new apportionment, including from the $36.6 billion it set aside for fiscal 2028. ICE has until Sept. 30, 2029, to commit all of it. Whatever is left uncommitted then expires and can’t go to new contracts.
Side note re: our post earlier today. This is a good indication that more contracts are about to start flowing now that OMB has “released the funds,” so to speak.
October is nearly over, and for the first time in nearly two years, ICE's contracting activity appears to be at a record low. The agency has mostly renewed a few options here and there, and awarded a few "urgent" contracts — but we aren't seeing the massive activity that has defined the past year.
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