Unassociated Document



 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-6384
 
Nuveen Texas Quality Income Municipal Fund
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)
 

Kevin J. McCarthy
Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)
 
Registrant's telephone number, including area code:         312-917-7700        
 
Date of fiscal year end:            2/28          
 
Date of reporting period:         5/31/12         
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
 
 
 
Item 1. Schedule of Investments
 

 
           
   
Portfolio of Investments (Unaudited)
      
   
Nuveen Texas Quality Income Municipal Fund (NTX)
      
   
May 31, 2012
      
 
 
 
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
Consumer Discretionary – 1.1% (0.7% of Total Investments)
      
$ 1,450
  
Austin Convention Enterprises Inc., Texas, Convention Center Hotel Revenue Bonds, First Tier
1/17 at 100.00
BB+
$ 1,581,109
   
Series 2006A, 5.250%, 1/01/18 – SYNCORA GTY Insured
      
   
Consumer Staples – 1.5% (1.0% of Total Investments)
      
2,185
  
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
8/12 at 100.00
BBB+
2,180,849
   
Series 2002, 5.375%, 5/15/33
      
   
Education and Civic Organizations – 11.4% (7.8% of Total Investments)
      
2,000
  
Board of Regents, University of Texas System, Financing System Revenue Bonds, Refunding Series
No Opt. Call
AAA
2,562,620
   
2012B, 5.000%, 8/15/22
      
1,000
  
Hale Center Education Facilities Corporation, Texas, Revenue Bonds, Wayland Baptist University
3/21 at 100.00
A–
1,070,490
   
Project, Improvement and Refunding Series 2010, 5.000%, 3/01/35
      
2,000
  
Laredo Community College District, Webb County, Texas, Combined Fee Revenue Bonds, Series
8/20 at 100.00
AA–
2,232,360
   
2010, 5.250%, 8/01/35 – AGM Insured
      
   
Red River Education Finance Corporation, Texas, Revenue Bonds, Hockaday School, Series 2005:
      
1,170
  
5.000%, 5/15/27
5/15 at 100.00
AA
1,280,998
1,230
  
5.000%, 5/15/28
5/15 at 100.00
AA
1,334,968
1,290
  
5.000%, 5/15/29
5/15 at 100.00
AA
1,400,089
   
Texas Public Finance Authority, Revenue Bonds, Texas Southern University Financing System,
      
   
Series 2003:
      
1,710
  
5.000%, 5/01/18 – FGIC Insured
5/13 at 100.00
Baa1
1,731,956
1,795
  
5.000%, 5/01/19 – FGIC Insured
5/13 at 100.00
Baa1
1,816,594
1,885
  
5.000%, 5/01/20 – FGIC Insured
5/13 at 100.00
Baa1
1,905,471
1,665
  
Texas State University System, Financing Revenue Bonds, Series 2004, 5.000%, 3/15/24 –
9/14 at 100.00
Aa2
1,804,044
   
AGM Insured
      
15,745
  
Total Education and Civic Organizations
    
17,139,590
   
Health Care – 14.3% (9.7% of Total Investments)
      
   
Brazoria County Health Facilities Development Corporation, Texas, Revenue Bonds, Brazosport
      
   
Memorial Hospital, Series 2004:
      
1,745
  
5.250%, 7/01/20 – RAAI Insured
7/14 at 100.00
BBB–
1,772,763
1,835
  
5.250%, 7/01/21 – RAAI Insured
7/14 at 100.00
BBB–
1,857,644
1,350
  
Harrison County Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, Good
7/20 at 100.00
BBB+
1,371,708
   
Shepherd Health System, Refunding Series 2010, 5.250%, 7/01/28
      
2,000
  
North Central Texas Health Facilities Development Corporation, Texas, Revenue Bonds,
8/19 at 100.00
AA
2,249,720
   
Children’s Medical Center Dallas Project, Series 2009, 5.750%, 8/15/39
      
   
Richardson Hospital Authority, Texas, Revenue Bonds, Richardson Regional Medical Center,
      
   
Series 2004:
      
2,000
  
5.875%, 12/01/24
12/13 at 100.00
A
2,061,500
1,000
  
6.000%, 12/01/34
12/13 at 100.00
A
1,029,500
1,250
  
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue
8/20 at 100.00
AA–
1,346,975
   
Bonds, Scott & White HealthCare Project, Series 2010, 5.250%, 8/15/40
      
2,500
  
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Texas
11/17 at 100.00
AA–
2,652,200
   
Health Resources, Series 2007B, 5.000%, 11/15/42
      
2,000
  
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Refunding
1/19 at 100.00
AA–
2,314,980
   
Bonds, Christus Health, Series 2008, 6.500%, 7/01/37 – AGC Insured
      
1,720
  
Tyler Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, East Texas
11/17 at 100.00
Baa2
1,768,263
   
Medical Center Regional Healthcare System, Series 2007A, 5.375%, 11/01/37
      
700
  
Tyler Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, Mother Frances
7/17 at 100.00
Baa1
710,479
   
Hospital Regional Healthcare Center, Series 2007B, 5.000%, 7/01/37
      
2,250
  
Tyler Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, Mother Frances
7/17 at 100.00
Baa1
2,296,935
   
Hospital Regional Healthcare Center, Series 2007, 5.000%, 7/01/33
      
20,350
  
Total Health Care
    
21,432,667
   
Housing/Multifamily – 1.7% (1.2% of Total Investments)
      
   
Bexar County Housing Finance Corporation, Texas, Insured Multifamily Housing Revenue Bonds,
      
   
Waters at Northern Hills Apartments Project, Series 2001A:
      
2,000
  
6.000%, 8/01/31 – NPFG Insured
8/12 at 101.00
Baa2
1,882,760
750
  
6.050%, 8/01/36 – NPFG Insured
8/12 at 101.00
Baa2
697,020
2,750
  
Total Housing/Multifamily
    
2,579,780
   
Housing/Single Family – 1.6% (1.1% of Total Investments)
      
2,325
  
Texas Department of Housing and Community Affairs, Single Family Mortgage Bonds, Series 2002B,
8/12 at 100.00
AA+
2,327,348
   
5.550%, 9/01/33 – NPFG Insured (Alternative Minimum Tax)
      
   
Long-Term Care – 1.1% (0.7% of Total Investments)
      
   
Bexar County, Texas, Health Facilities Development Corporation Revenue Bonds, Army Retirement
      
   
Residence, Series 2007:
      
1,000
  
5.000%, 7/01/27
7/17 at 100.00
BBB
1,016,550
600
  
5.000%, 7/01/37
7/17 at 100.00
BBB
600,108
1,600
  
Total Long-Term Care
    
1,616,658
   
Materials – 2.0% (1.4% of Total Investments)
      
3,000
  
Cass County Industrial Development Corporation, Texas, Environmental Improvement Revenue
9/12 at 100.00
BBB
3,011,040
   
Bonds, International Paper Company, Series 2000A, 6.600%, 3/15/24 (Alternative Minimum Tax)
      
   
Tax Obligation/General – 32.8% (22.3% of Total Investments)
      
650
  
Bexar County, Texas, General Obligation Bonds, Series 2004, 5.000%, 6/15/19
6/14 at 100.00
Aaa
704,106
2,000
  
Borger Independent School District, Hutchison County, Texas, General Obligation Bonds, Series
2/16 at 100.00
AAA
2,216,600
   
2006, 5.000%, 2/15/36
      
400
  
Calallen Independent School District, Nueces County, Texas, General Obligation Bonds, School
2/18 at 100.00
AAA
436,932
   
Building Series 2008, 5.000%, 2/15/38
      
1,190
  
Canutillo Independent School District, El Paso County, Texas, General Obligation Bonds, Series
8/15 at 100.00
AAA
1,340,178
   
2006A, 5.000%, 8/15/22
      
2,305
  
Corpus Christi, Texas, Combination Tax and Municipal Hotel Occupancy Tax Revenue Certificates
9/12 at 100.00
Aa2
2,333,720
   
of Obligation, Series 2002, 5.500%, 9/01/21 – AGM Insured
      
1,750
  
El Paso County, Texas, Certificates of Obligation, Series 2001, 5.000%, 2/15/21 – AGM Insured
No Opt. Call
AA
2,175,565
   
Fort Bend County Municipal Utility District 25, Texas, General Obligation Bonds, Series 2005:
      
1,330
  
5.000%, 10/01/26 – FGIC Insured
10/12 at 100.00
A–
1,337,182
1,320
  
5.000%, 10/01/27 – FGIC Insured
10/12 at 100.00
A–
1,326,798
3,615
  
Frisco, Texas, General Obligation Bonds, Series 2006, 5.000%, 2/15/26 – FGIC Insured
2/16 at 100.00
Aa1
4,003,793
8,500
  
Grand Prairie Independent School District, Dallas County, Texas, General Obligation Bonds,
8/18 at 22.64
AA
1,518,780
   
Capital Appreciation Refunding Series 2009, 0.000%, 8/15/39
      
3,255
  
Hutto Independent School District, Williamson County, Texas, General Obligation Bonds,
8/21 at 124.48
A
479,266
   
Refunding Series 2012A, 0.000%, 8/01/45
      
4,900
  
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation
8/14 at 17.78
AAA
821,485
   
Bonds, Series 2006, 0.000%, 8/15/45
      
1,000
  
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation
8/17 at 33.01
AAA
280,890
   
Bonds, Series 2008, 0.000%, 8/15/36
      
365
  
Lone Star College System, Harris and Montgomery Counties, Texas, General Obligation Bonds,
8/19 at 100.00
AAA
423,119
   
Series 2009, 5.000%, 8/15/34
      
1,750
  
Martin County Hospital District, Texas, Combination Limited Tax and Revenue Bonds, Series
4/21 at 100.00
BBB
1,932,193
   
2011A, 7.250%, 4/01/36
      
1,010
  
Mercedes Independent School District, Hidalgo County, Texas, General Obligation Bonds, Series
8/15 at 100.00
AAA
1,137,462
   
2005, 5.000%, 8/15/23
      
5,515
  
Midlothian Independent School District, Ellis County, Texas, General Obligation Bonds, Series
2/15 at 100.00
Aaa
5,994,860
   
2005, 5.000%, 2/15/34
      
1,500
  
Montgomery County, Texas, General Obligation Bonds, Refunding Series 2008B, 5.250%, 3/01/32
3/19 at 100.00
Aa1
1,730,025
2,000
  
Plano Independent School District, Collin County, Texas, General Obligation Bonds, Series
2/18 at 100.00
Aaa
2,337,600
   
2008A, 5.250%, 2/15/34
      
1,425
  
Port of Houston Authority, Harris County, Texas, General Obligation Bonds, Series 2010E,
No Opt. Call
AAA
574,033
   
0.000%, 10/01/35
      
   
Roma Independent School District, Texas, General Obligation Bonds, Series 2005:
      
1,110
  
5.000%, 8/15/22
8/15 at 100.00
AAA
1,246,341
1,165
  
5.000%, 8/15/23 – AGM Insured
8/15 at 100.00
AAA
1,310,054
1,250
  
Southside Independent School District, Bexar County, Texas, General Obligation Bonds, Series
8/14 at 100.00
Aaa
1,362,175
   
2004A, 5.000%, 8/15/22
      
5,000
  
Texas State, General Obligation Bonds, Transportation Commission Mobility Fund, Series 2006A,
4/17 at 100.00
Aaa
5,671,600
   
5.000%, 4/01/33 (UB)
      
1,000
  
Texas State, General Obligation Bonds, Transportation Commission Mobility Fund, Series 2008,
4/18 at 100.00
Aaa
1,159,900
   
5.000%, 4/01/30 (UB)
      
1,110
  
Texas State, General Obligation Bonds, Water Utility, Series 2001, 5.250%, 8/01/23
7/12 at 100.00
Aaa
1,114,340
3,025
  
Victoria Independent School District, Victoria County, Texas, General Obligation Bonds, Series
2/17 at 100.00
AAA
3,431,258
   
2007, 5.000%, 2/15/32
      
   
West Texas Independent School District, McLennan and Hill Counties, General Obligation
      
   
Refunding Bonds, Series 1998:
      
45
  
0.000%, 8/15/22
8/13 at 61.20
AAA
27,185
45
  
0.000%, 8/15/24
8/13 at 54.88
AAA
24,343
   
White Settlement Independent School District, Tarrant County, Texas, General Obligation Bonds,
      
   
Series 2006:
      
1,500
  
0.000%, 8/15/43
8/15 at 23.11
AAA
304,170
1,500
  
0.000%, 8/15/44
8/15 at 21.88
AAA
287,595
425
  
0.000%, 8/15/45
8/15 at 20.76
AAA
77,240
62,955
  
Total Tax Obligation/General
    
49,120,788
   
Tax Obligation/Limited – 16.8% (11.4% of Total Investments)
      
1,000
  
Bexar County, Texas, Venue Project Revenue Bonds, Refunding Series 2010, 5.250%, 8/15/38 –
8/19 at 100.00
AA–
1,095,540
   
AGM Insured
      
1,500
  
College Station, Texas, Certificates of Obligation, Series 2012, 5.000%, 2/15/32 (WI/DD,
2/21 at 100.00
AA
1,703,055
   
Settling 6/07/12)
      
7,940
  
Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Senior Lien Refunding Series 2007,
12/16 at 100.00
AA+
8,915,111
   
5.000%, 12/01/36 – AMBAC Insured
      
1,390
  
Harris County Metropolitan Transit Authority, Texas, Sales and Use Tax Revenue Bonds, Series
11/21 at 100.00
AA
1,555,410
   
2011A, 5.000%, 11/01/41
      
   
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H:
      
1,720
  
0.000%, 11/15/34 – NPFG Insured
11/31 at 83.17
BBB
432,786
930
  
0.000%, 11/15/36 – NPFG Insured
11/31 at 73.51
BBB
205,967
3,265
  
0.000%, 11/15/38 – NPFG Insured
11/31 at 64.91
BBB
638,797
2,000
  
0.000%, 11/15/39 – NPFG Insured
11/31 at 60.98
BBB
367,580
   
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Senior Lien Series 2001G:
      
2,250
  
5.250%, 11/15/22 – NPFG Insured
8/12 at 100.00
BBB
2,271,713
3,275
  
0.000%, 11/15/41 – NPFG Insured
11/31 at 53.78
BBB
540,997
1,470
  
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment
No Opt. Call
A2
520,336
   
Project, Series 2001B, 0.000%, 9/01/32 – AMBAC Insured
      
3,000
  
North Texas Tollway Authority, Special Projects System Revenue Bonds, Current Interest Series
9/21 at 100.00
AA
3,438,330
   
2011D, 5.000%, 9/01/31
      
2,000
  
North Texas Tollway Authority, Special Projects System Revenue Bonds, Series 2011A,
9/21 at 100.00
AA
2,342,100
   
5.500%, 9/01/41
      
1,000
  
Uptown Development Authority, Houston, Texas, Tax Increment Revenue Bonds, Infrastructure
9/19 at 100.00
BBB
1,087,620
   
Improvement Facilities, Series 2009, 5.500%, 9/01/29
      
32,740
  
Total Tax Obligation/Limited
    
25,115,342
   
Transportation – 15.1% (10.3% of Total Investments)
      
1,000
  
Austin, Texas, Airport System Prior Lien Revenue Bonds, Series 2003, 5.250%, 11/15/16 –
11/13 at 100.00
A
1,057,590
   
NPFG Insured
      
1,000
  
Central Texas Regional Mobility Authority, Senior Lien Revenue Bonds, Series 2010, Reg S,
No Opt. Call
BBB–
212,650
   
0.000%, 1/01/40
      
   
Central Texas Regional Mobility Authority, Senior Lien Revenue Bonds, Series 2010:
      
2,945
  
0.000%, 1/01/36
No Opt. Call
BBB–
798,390
2,205
  
0.000%, 1/01/37
No Opt. Call
BBB–
560,202
2,000
  
0.000%, 1/01/38
No Opt. Call
BBB–
478,200
3,260
  
Central Texas Regional Mobility Authority, Travis and Williamson Counties, Toll Road Revenue
1/15 at 100.00
BBB
3,325,493
   
Bonds, Series 2005, 5.000%, 1/01/22 – FGIC Insured
      
1,000
  
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2010A,
11/20 at 100.00
A+
1,083,100
   
5.000%, 11/01/42
      
1,165
  
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2012B,
11/20 at 100.00
A+
1,273,205
   
5.000%, 11/01/35
      
2,000
  
Houston, Texas, Subordinate Lien Airport System Revenue Refunding Bonds, Series Series 2012A,
7/22 at 100.00
A+
2,184,520
   
5.000%, 7/01/31 (Alternative Minimum Tax)
      
3,000
  
Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds,
11/20 at 100.00
BBB–
3,136,830
   
Southwest Airlines Company, Series 2010, 5.250%, 11/01/40
      
395
  
North Texas Tollway Authority, First Tier System Revenue Refunding Bonds, Series 2008A,
1/18 at 100.00
A2
438,754
   
5.750%, 1/01/40
      
   
North Texas Tollway Authority, First Tier System Revenue Refunding Bonds, Series 2008B:
      
325
  
5.750%, 1/01/40
1/18 at 100.00
A2
361,000
225
  
5.750%, 1/01/40 – NPFG Insured
1/18 at 100.00
A2
249,923
2,500
  
North Texas Tollway Authority, First Tier System Revenue Refunding Bonds, Series 2008D,
No Opt. Call
AA–
800,975
   
0.000%, 1/01/36 – AGC Insured
      
950
  
North Texas Tollway Authority, Second Tier System Revenue Refunding Bonds, Series 2008F,
1/18 at 100.00
A3
1,034,151
   
5.750%, 1/01/38
      
   
North Texas Tollway Authority, System Revenue Bonds, First Tier Series 2009A:
      
100
  
6.100%, 1/01/28
1/19 at 100.00
A2
116,669
2,000
  
6.250%, 1/01/39
1/19 at 100.00
A2
2,282,340
2,500
  
San Antonio, Texas, Airport System Revenue Bonds, Refunding Series 2012, 5.000%, 7/01/27
7/22 at 100.00
A+
2,815,100
   
(Alternative Minimum Tax)
      
1,250
  
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series
8/12 at 37.10
BBB+
453,025
   
2002A, 0.000%, 8/15/29 – AMBAC Insured
      
29,820
  
Total Transportation
    
22,662,117
   
U.S. Guaranteed – 17.4% (11.8% of Total Investments) (4)
      
610
  
Bexar County, Texas, General Obligation Bonds, Series 2004, 5.000%, 6/15/19 (Pre-refunded 6/15/14)
6/14 at 100.00
Aaa
667,828
295
  
Coppell Independent School District, Dallas County, Texas, Unlimited Tax School Building and
No Opt. Call
Aa3 (4)
291,723
   
Refunding Bonds, Series 1992, 0.000%, 8/15/14 – NPFG Insured (ETM)
      
   
Copperas Cove, Texas, Certificates of Obligation, Series 2003:
      
950
  
5.000%, 8/15/23 (Pre-refunded 8/15/12) – NPFG Insured
8/12 at 100.00
BBB (4)
959,462
325
  
5.000%, 8/15/23 (Pre-refunded 8/15/12) – NPFG Insured
8/12 at 100.00
AA– (4)
328,231
1,095
  
Denton County, Texas, Permanent Improvement General Obligation Bonds, Series 2005, 5.000%,
7/12 at 100.00
AAA
1,101,493
   
7/15/25 (Pre-refunded 7/15/12)
      
   
Houston Community College System, Texas, Limited Tax General Obligation Bonds, Series 2003:
      
2,500
  
5.000%, 2/15/20 (Pre-refunded 2/15/13) – AMBAC Insured
2/13 at 100.00
AA+ (4)
2,582,375
2,235
  
5.000%, 2/15/21 (Pre-refunded 2/15/13) – AMBAC Insured
2/13 at 100.00
AA+ (4)
2,308,643
5,000
  
Houston, Texas, General Obligation Bonds, Series 2005E, 5.000%, 3/01/23 (Pre-refunded 3/01/15) –
3/15 at 100.00
AA (4)
5,617,400
   
AMBAC Insured
      
1,000
  
Mansfield Independent School District, Tarrant County, Texas, General Obligation Bonds, Series
2/14 at 100.00
AAA
1,075,340
   
2004, 5.000%, 2/15/20 (Pre-refunded 2/15/14)
      
1,000
  
North Central Texas Health Facilities Development Corporation, Hospital Revenue Bonds,
No Opt. Call
Aaa
1,292,380
   
Presbyterian Healthcare System, Series 1996A, 5.750%, 6/01/26 – NPFG Insured (ETM)
      
2,500
  
Retama Development Corporation, Texas, Special Facilities Revenue Bonds, Retama Park
12/17 at 100.00
Aaa
3,535,975
   
Racetrack, Series 1993, 8.750%, 12/15/18 (Pre-refunded 12/15/17)
      
1,440
  
South Texas Community College District, Hidalgo and Starr Counties, Texas, General Obligation
8/12 at 100.00
Aa2 (4)
1,455,826
   
Bonds, Series 2002, 5.500%, 8/15/17 (Pre-refunded 8/15/12) – AMBAC Insured
      
1,140
  
Sunnyvale School District, Texas, General Obligation Bonds, Series 2004, 5.250%, 2/15/25
2/14 at 100.00
AAA
1,235,817
   
(Pre-refunded 2/15/14)
      
1,500
  
Texas, General Obligation Refunding Bonds, Public Finance Authority, Series 2002, 5.000%,
10/12 at 100.00
Aaa
1,524,210
   
10/01/18 (Pre-refunded 10/01/12)
      
1,000
  
Tyler Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, Mother Frances
7/12 at 100.00
Baa1 (4)
1,004,870
   
Hospital Regional Healthcare Center, Series 2001, 6.000%, 7/01/31 (Pre-refunded 7/01/12)
      
   
West Texas Independent School District, McLennan and Hill Counties, General Obligation
      
   
Refunding Bonds, Series 1998:
      
955
  
0.000%, 8/15/22 (Pre-refunded 8/15/13)
8/13 at 61.21
N/R (4)
581,929
955
  
0.000%, 8/15/24 (Pre-refunded 8/15/13)
8/13 at 54.88
N/R (4)
521,783
24,500
  
Total U.S. Guaranteed
    
26,085,285
   
Utilities – 15.3% (10.4% of Total Investments)
      
2,560
  
Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric
4/13 at 101.00
Ca
365,517
   
Company, Series 1999C, 7.700%, 3/01/32 (Alternative Minimum Tax)
      
5,000
  
Brownsville, Texas, Utility System Priority Revenue Bonds, Series 2005A, 5.000%, 9/01/27 –
9/15 at 100.00
A+
5,268,350
   
AMBAC Insured
      
2,000
  
Bryan, Brazos County, Texas, Electric System Revenue Bonds, Series 2009, 5.000%, 7/01/34
7/17 at 100.00
A+
2,143,840
3,000
  
Lower Colorado River Authority, Texas, Refunding Revenue Bonds, Series 2010A, 5.000%, 5/15/40
5/20 at 100.00
A1
3,265,530
2,000
  
Lower Colorado River Authority, Texas, Revenue Bonds, Series 2008, 5.750%, 5/15/37
5/15 at 100.00
A1
2,193,940
1,500
  
Matagorda County Navigation District Number One, Texas, Pollution Control Revenue Refunding
7/19 at 102.00
BBB
1,732,575
   
Bonds, Central Power and Light Company Project, Series 2009A, 6.300%, 11/01/29
      
   
Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Senior
      
   
Lien Series 2008D:
      
1,340
  
5.625%, 12/15/17
No Opt. Call
A–
1,484,023
3,000
  
6.250%, 12/15/26
No Opt. Call
A–
3,574,710
1,000
  
Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Series
No Opt. Call
A–
1,091,560
   
2006A, 5.250%, 12/15/20
      
   
Texas Municipal Power Agency, Revenue Bonds, Transmission Refunding Series 2010:
      
640
  
5.000%, 9/01/34
9/20 at 100.00
A+
709,453
1,000
  
5.000%, 9/01/40
9/20 at 100.00
A+
1,098,730
23,040
  
Total Utilities
    
22,928,228
   
Water and Sewer – 15.1% (10.2% of Total Investments)
      
2,500
  
Bexar Metropolitan Water District, Texas, Waterworks System Revenue Bonds, Refunding Series
5/20 at 100.00
A1
2,828,900
   
2010, 5.875%, 5/01/40
      
2,500
  
Canadian River Municipal Water Authority, Texas, Contract Revenue Bonds, Conjunctive Use
2/21 at 100.00
AA
2,828,275
   
Groundwater Supply Project, Subordinate Lien Series 2011, 5.000%, 2/15/31
      
   
Coastal Water Authority, Texas, Contract Revenue Bonds, Houston Water Projects, Series 2004:
      
1,005
  
5.000%, 12/15/20 – FGIC Insured
12/14 at 100.00
AA
1,064,697
1,030
  
5.000%, 12/15/21 – FGIC Insured
12/14 at 100.00
AA
1,086,732
1,000
  
El Paso, Texas, Water and Sewer Revenue Bonds, Refunding Series 2008C, 5.375%, 3/01/29
3/18 at 100.00
AA+
1,200,170
3,000
  
Houston, Texas, First Lien Combined Utility System Revenue Bonds, Series 2004A, 5.250%,
5/14 at 100.00
AA
3,259,920
   
5/15/23 – FGIC Insured
      
   
Irving, Texas, Subordinate Lien Waterworks and Sewerage Revenue Bonds, Series 2004:
      
1,680
  
5.000%, 8/15/22 – AMBAC Insured
8/14 at 100.00
Aa1
1,835,014
1,760
  
5.000%, 8/15/23 – AMBAC Insured
8/14 at 100.00
Aa1
1,920,371
4,000
  
Laredo, Webb County, Texas, Waterworks and Sewer System Revenue Bonds, Series 2010,
3/20 at 100.00
AA–
4,429,840
   
5.250%, 3/01/40
      
710
  
North Fort Bend Water Authority, Texas, Water System Revenue Bonds, Series 2011, 5.000%,
12/21 at 100.00
AA–
772,589
   
12/15/36 – AGM Insured
      
1,260
  
Rowlett, Rockwall and Dallas Counties, Texas, Waterworks and Sewerage System Revenue Bonds,
3/14 at 100.00
AA–
1,347,304
   
Series 2004A, 5.000%, 3/01/22 – NPFG Insured
      
20,445
  
Total Water and Sewer
    
22,573,812
$ 242,905
  
Total Investments (cost $204,741,638) – 147.2%
    
220,354,613
   
Floating Rate Obligations – (2.6)%
    
(3,960,000)
   
MuniFund Term Preferred Shares, at Liquidation Value – (47.4)% (5)
    
(70,920,000)
   
Other Assets Less Liabilities – 2.8%
    
4,215,856
   
Net Assets Applicable to Common Shares – 100%
    
$ 149,690,469
 
 
 
 
 
Fair Value Measurements
 
Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:
 
Level 1 – Quoted prices in active markets for identical securities.
 
Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of May 31, 2012:
 
                         
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Long-Term Investments:
                        
Municipal Bonds
   $ —     $ 220,354,613     $ —     $ 220,354,613  
 
 
Income Tax Information
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
At May 31, 2012, the cost of investments was $201,631,684.
 
Gross unrealized appreciation and gross unrealized depreciation of investments at May 31, 2012, were as follows:
       
Gross unrealized:
      
Appreciation
   $ 18,172,240  
Depreciation
     (3,409,327 )
Net unrealized appreciation (depreciation) of investments
   $ 14,762,913  
 
 
     
(1)
  
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common
   
shares unless otherwise noted.
(2)
  
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.
   
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities
   
may be subject to periodic principal paydowns.
(3)
  
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service,
   
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s
   
or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated
   
by any of these national rating agencies.
(4)
  
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,
   
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or
   
agency securities are regarded as having an implied rating equal to the rating of such securities.
(5)
  
MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 32.2%.
N/R
  
Not rated.
WI/DD
  
Purchased on a when-issued or delayed delivery basis.
(ETM)
  
Escrowed to maturity.
(UB)
  
Underlying bond of an inverse floating rate trust reflected as a financing transaction.
 
 
 

 
 
 
 
Item 2. Controls and Procedures.

a.  
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
 
 
b.  
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
 
Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 
 
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant)  Nuveen Texas Quality Income Municipal Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:         July 30, 2012        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date:         July 30, 2012        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         July 30, 2012