DALLAS - With Arizona mired in an unprecedented budget crisis amid a standoff between the Republican governor and Legislature, Treasurer Dean Martin is preparing to borrow up to $3 billion to cover operating costs.

Martin expects to use line-of-credit loans and commercial paper to raise the short-term funds. The state has access to no more than $600 million from various state funds that would constitute internal borrowing. If the treasurer again issues debt, it would be the third time this calendar year that his office has had to rely on borrowing to pay the bills.

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