WASHINGTON -- An attorney for Alabama bond dealer William Blount said yesterday that his client's statement Friday that he will not report his political contributions for the last three months to the Municipal Securities Rulemaking Board was a "misunderstanding."

"Bill Blount will comply with the disclosure rule," said Charles M. Elmer, an attorney with Leitman, Siegal, Payne & Campbell in Birmingham, Ala., which is one of two law firms representing Blount.

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