"Draw Distance" value only updates in the Scene view when entering Play Mode

How to reproduce:
1. Open the attached “IN_45770_DecalDrawDistance.zip“ project
2. Open the “SampleScene“ Scene
3. Open “Project Settings” and go to “HDRP”
4. Expand “Rendering” and then expand “Decals”
5. Change “Draw Distance” to 2000
6. Change the “Main Camera” GameObject Z position to -2000

Expected result: The decal doesn't disappear
Actual result: The decal disappears

Reproducible with: 2021.3.30f1, 2022.3.10f1, 2023.1.15f1, 2023.2.0b11, 2023.3.0a7

Reproducible on: macOS 13.4.1 Ventura (Intel)
Not reproducible on: No other environment tested