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Lisa A. Chiesa

fax +1 412.394.2555

Lisa Chiesa assists tax-exempt borrowers, underwriters, and lenders through project financings.

When tax-exempt borrowers and lenders seek hassle-free transactions, they call Lisa for guidance. The labyrinth of the Tax Code, securities and state borrowing laws can seem overwhelming to a transaction participant. Lisa’s assistance through this maze is one of the reasons that she has been asked to provide counsel for more than 100 tax-exempt borrowings in the last five years alone.

Lisa assists both governmental and private entities with the structuring, documenting and closing of tax-exempt financing transactions. Her years of experience have allowed Lisa to view the outcomes of suggested structures to ensure the proper outcome for the borrower. In addition to representing borrowers, she also counsels underwriters, lenders, and trust departments regarding their roles in the tax-exempt financing process. Lessors and lessees seek Lisa’s counsel in tax-exempt leasing transactions.

As a long-time Board Member for the Pennsylvania Association of Bond Lawyers, and member of the National Association of Bond Lawyers, Lisa keeps abreast of the issues confronting her clients and quickly translates that knowledge into timely, cost-effective solutions. Her ability to communicate these solutions to her clients in an effective manner is one of the hallmarks of her style.


J.D., University of Pittsburgh School of Law, Pittsburgh, Pennsylvania, 1992, Business Editor, Journal of Law and Commerce
B.S. Finance, Dean's List, 1983


United Way Women’s Leadership Council

Allegheny County Bar Association

National Association of Bond Lawyers

Director, Pennsylvania Association of Bond Lawyers

Tax Study Commission of Upper St. Clair

Association for Governmental Leasing and Finance

Pennsylvania Association of School Business Officials

Pennsylvania School Boards Association

Past Member, Easter Seal Society of Western Pennsylvania, Invitational Golf Tournament Committee

State Bar Licenses

  • “New Continuing Disclosure Obligations,” Communiqué, November 2010
  • “New Filing Requirements –Continuing Disclosure Obligations,” Communiqué, September 2009
  • “The Benefits Game: Non-Profit, Public School and Government Employers – 11th Hour Reprieve From The IRS,” Communiqué, December 2008
  • “Act 1: The Back-End Referendum, Increasing Taxes Over PDE’s Published Index,” January 2007
  • “Issuers of Tax-Exempt Obligations may be required to file Form 1099-INT with the recipient of the interest on the obligation as well as the IRS,” January 2007
  • “Suspension of SLG Sales: What do You do with Your Clients’ Escrows?”, February 2006
  • “Responding to GIC Investigations,” Communiqué, February 2005
  • Speaker, “Financing Options for School Construction Projects,” PA School Board Association School Design and Construction Conference, Lancaster, May 2010
  • Presenter, Pennsylvania Association of School Business Officials (PASBO) Convention on the SEC’s New Electronic Continuing Disclosure Requirements, March 2010
  • Lecturer, Pennsylvania Association of School Business Officials
  • Lecturer, Pennsylvania Municipal Authorities Association
  • Lecturer, Healthcare Financial Management Association
  • Lecturer, Equipment Leasing Association