Section 1865.38 - Building Cost Standards(a) Pursuant to Section 17717 of the act, the board shall establish allowable school building cost standards which shall be effective until next revised.(b) No application or bid shall be approved and no funds shall be provided for any construction which exceeds the allowable costs established as provided herein. In the event, however, that it is shown from any studies by the board that actual building costs in an area or portion of an area differ substantially from the allowable costs established for the area, the board may at any time revise the allowable building cost standards for the area or create additional areas and establish appropriate allowable cost standards for such additional areas.Cal. Code Regs. Tit. 2, § 1865.38