Per this conflict of interest issue on Race to the Top a senior admin official wants to make two things clear.
First, this is unprecedented and the potential for conflicts of interest is high so they want more people to apply to ensure a good pool to draw from for the process. So if you’re thinking about it now is the time.
Second, don’t try this at home. In other words, if in doubt don’t conflict yourself out! They’re going to look very carefully at those issues, obviously, but if you’re interested they say to go ahead and apply and let the process run its course rather than self-selecting out.