I do not believe there is any rule about what size/diameter the ball must be during use, AFTER manufacture. In fact, some older coaches and ball reps have said, some have implied, on here, that smaller diameter balls seem to carry better. So, as you fresh and resurface balls, you only real worry is if you sand off the ball's id number. Technically, if you want to submit an honor score, your league secretary needs this number.
As a bottom line, I wouldn't worry about this overly much, as it takes one hell of a lot of sanding before you significantly reduce the size of a ball.