About Michela Daliana

Michela Daliana has over 35 years of experience in public finance. During the course of her career, Michela has effectively counseled large and small state and local governmental issuers, investment bankers, and conduit borrowers in connection with their tax-advantaged borrowings, helping them to achieve their objectives while adhering to the strictures of the Internal Revenue Code.

Experience, dedication and creativity

Tax-exempt bonds are an essential tool for localities to accomplish projects intended to enhance the public good. Ensuring those bonds are properly issued requires knowledge of the law, understanding of the facts and the parties' objectives, as well as the ability to clearly communicate what needs to be done in order to accomplish those objectives. Michela utilizes her extensive experience and knowledge to advise her clients and to get the deal done.

She has been the lead tax attorney responsible for structuring transactions for capital projects in the area of transportation, public power, higher education, hospitals and health care facilities, economic development, airports, docks and wharves, solid waste disposal, charter schools, mixed-use facilities, bond banks, multi-borrower pooled financings, student loans and multipurpose governmental borrowings, as well as working capital borrowings. In addition, she has assisted issuers and conduit borrowers in successfully responding to Internal Revenue Service (IRS) audits in respect of their tax-exempt bonds, in monitoring their post-issuance compliance with both the arbitrage and use of proceeds requirements of the Code, and in implementing appropriate remedial action measures or applying to the IRS's voluntary closing agreement program.

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Practices
Education
  • New York Law School, JD, cum laude
  • New York University School of Law, LLM (Taxation)
  • Georgetown University, BSFS, School of Foreign Service
Bar Admissions
  • New York
Community Involvements
  • American College of Bond Counsel, Board Member, Since 2018
  • National Association of Bond Lawyers, Frequent Speaker and Comment Committee Member
  • New York State Bar Association, Member
  • American Bar Association, Member
Recognitions
Recognized or listed in the following:
  • Best Lawyers in America
    Public Finance Law, 2022–2024
  • Northeast Women in Public Finance
    Freda Johnson Award, Trailblazing Woman, 2019
Award Methodologies