Revisions and additions to a 1973 study of state funding formulae for public 2-year colleges are provided. The 1973 study included information for 43 states, whereas the 1974 study includes information for 45 states, 5 of which were not in the original study. Part 1 of the report gives the changes in formulae; Part 2 provides formulae for states not reporting in 1973; and Part 3 contains tabulations of the survey data. A summary of the findings is provided. (DB)