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 811-06384
 
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:         5/31/14         
 
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, 2014
     
 
 
Principal
   
Optional Call
   
Amount (000)
 
Description (1)
Provisions (2)
Ratings (3)
Value
   
LONG-TERM INVESTMENTS – 146.1% (100.0% of Total Investments)
     
           
   
MUNICIPAL BONDS – 146.1% (100.0% of Total Investments)
     
           
   
Consumer Discretionary – 3.1% (2.1% of Total Investments)
     
   
Austin Convention Enterprises Inc., Texas, Convention Center Hotel Revenue Bonds, First Tier
     
   
Series 2006A:
     
$ 1,450
 
5.250%, 1/01/18 – SYNCORA GTY Insured
1/17 at 100.00
BBB–
$    1,552,240
1,000
 
5.000%, 1/01/34 – SYNCORA GTY Insured
1/17 at 100.00
BBB–
999,960
2,200
 
San Antonio Convention Center Hotel Finance Corporation, Texas, Contract Revenue Empowerment
7/15 at 100.00
BBB
2,204,752
   
Zone Bonds, Series 2005A, 5.000%, 7/15/39 – AMBAC Insured (Alternative Minimum Tax)
     
4,650
 
Total Consumer Discretionary
   
4,756,952
   
Education and Civic Organizations – 13.7% (9.4% of Total Investments)
     
2,000
 
Board of Regents, University of Texas System, Financing System Revenue Bonds, Refunding
No Opt. Call
AAA
2,461,940
   
Series 2012B, 5.000%, 8/15/22
     
   
Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education
     
   
Charter School, Series 2013A:
     
2,000
 
4.350%, 12/01/42
12/22 at 100.00
BBB–
1,933,360
1,000
 
4.400%, 12/01/47
12/22 at 100.00
BBB–
959,400
1,000
 
Danbury Higher Education Authority, Texas, Charter School Revenue Bonds, John H. Wood Jr.
8/23 at 100.00
BBB–
1,060,110
   
Public Charter District, Inspire Academies, Series 2013A, 6.000%, 8/15/28
     
1,000
 
Hale Center Education Facilities Corporation, Texas, Revenue Bonds, Wayland Baptist University
3/21 at 100.00
A–
1,045,650
   
Project, Improvement and Refunding Series 2010, 5.000%, 3/01/35
     
1,000
 
Harris County Cultural Education Facilities Finance Corporation, Texas, Medical Facilities Revenue
11/22 at 100.00
A–
1,136,920
   
Refunding Bonds, Baylor College of Medicine, Series 2012A, 5.000%, 11/15/26
     
3,000
 
Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Refunding
6/23 at 100.00
Baa3
3,151,980
   
Bonds, Young Men’s Christian Association of the Greater Houston Area, Series 2013A,
     
   
5.000%, 6/01/38
     
2,000
 
Laredo Community College District, Webb County, Texas, Combined Fee Revenue Bonds, Series
8/20 at 100.00
AA
2,192,020
   
2010, 5.250%, 8/01/35 – AGM Insured
     
2,000
 
Lone Star College System, Harris, Montgomery and San Jacinto Counties, Texas, Revenue
2/21 at 100.00
AA
2,207,440
   
Financing System Bonds, Series 2013, 5.000%, 2/15/36
     
200
 
Newark Cultural Education Facilities Finance Corporation, Texas, Lease Revenue Bonds, A.W.
2/15 at 103.00
BBB–
207,622
   
Brown-Fellowship Leadership Academy, Series 2012A, 6.000%, 8/15/42
     
   
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
1,217,701
1,230
 
5.000%, 5/15/28
5/15 at 100.00
AA
1,278,573
1,290
 
5.000%, 5/15/29
5/15 at 100.00
AA
1,339,665
890
 
Texas State University System, Financing Revenue Bonds, Series 2004, 5.000%, 3/15/24 –
9/14 at 100.00
AA
902,273
   
AGM Insured
     
19,780
 
Total Education and Civic Organizations
   
21,094,654
   
Energy – 1.3% (0.9% of Total Investments)
     
2,000
 
Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds, Citgo
10/22 at 100.00
BB+
2,046,220
   
Petroleum Corporation Project, Series 1995, 4.875%, 5/01/25 (Alternative Minimum Tax)
     
   
Health Care – 11.9% (8.1% of Total Investments)
     
1,000
 
Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds,
12/22 at 100.00
A+
1,079,710
   
Memorial Hermann Healthcare System, Refunding Series 2013A, 5.000%, 12/01/35
     
1,350
 
Harrison County Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, Good
7/20 at 100.00
BBB+
1,408,442
   
Shepherd Health System, Refunding Series 2010, 5.250%, 7/01/28
     
1,000
 
Lufkin Health Facilities Development Corporation, Texas, Health System Revenue Bonds, Memorial
2/17 at 100.00
BBB–
1,053,580
   
Health System of East Texas, Series 2007, 5.500%, 2/15/32
     
2,000
 
North Central Texas Health Facilities Development Corporation, Texas, Revenue Bonds,
8/19 at 100.00
AA
2,227,040
   
Children’s Medical Center Dallas Project, Series 2009, 5.750%, 8/15/39
     
885
 
North Central Texas Health Facilities Development Corporation, Texas, Revenue Bonds,
8/22 at 100.00
AA
981,536
   
Children’s Medical Center Dallas Project, Series 2012, 5.000%, 8/15/32
     
515
 
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue
9/23 at 100.00
A2
553,223
   
Bonds, Hendrick Medical Center, Series 2013, 5.125%, 9/01/33
     
1,250
 
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue
8/20 at 100.00
Aa3
1,342,175
   
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
2,610,750
   
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
2,260,700
   
Bonds, Christus Health, Series 2008A, 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
1,748,604
   
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
714,399
   
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
2,306,745
   
Hospital Regional Healthcare Center, Series 2007, 5.000%, 7/01/33
     
17,170
 
Total Health Care
   
18,286,904
   
Housing/Multifamily – 1.0% (0.7% of Total Investments)
     
1,335
 
New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue
4/24 at 100.00
AA
1,428,517
   
Bonds, CHF-Collegiate Housing College Station I LLC – Texas A&M University Project, Series
     
   
2014A, 5.000%, 4/01/46 – AGM Insured
     
   
Long-Term Care – 1.1% (0.7% of Total Investments)
     
   
Bexar County, Texas, Health Facilities Development Corporation Revenue Bonds, Army Retirement
     
   
Residence, Series 2007:
     
910
 
5.000%, 7/01/27
7/17 at 100.00
BBB
935,080
600
 
5.000%, 7/01/37
7/17 at 100.00
BBB
605,436
1,510
 
Total Long-Term Care
   
1,540,516
   
Tax Obligation/General – 26.3% (18.0% of Total Investments)
     
650
 
Bexar County, Texas, General Obligation Bonds, Series 2004, 5.000%, 6/15/19
6/14 at 100.00
Aaa
652,548
400
 
Calallen Independent School District, Nueces County, Texas, General Obligation Bonds, School
2/18 at 100.00
AAA
443,300
   
Building Series 2008, 5.000%, 2/15/38
     
1,620
 
Cameron County, Texas, General Obligation Bonds, State Highway 550 Project, Series 2012,
2/22 at 100.00
AA
1,781,125
   
5.000%, 2/15/32 – AGM Insured
     
1,500
 
College Station, Texas, Certificates of Obligation, Series 2012, 5.000%, 2/15/32
2/21 at 100.00
AA
1,683,420
1,000
 
El Paso County Hospital District, Texas, General Obligation Bonds, Refunding Series 2013,
8/23 at 100.00
AA
1,120,080
   
5.000%, 8/15/33
     
1,750
 
El Paso County, Texas, Certificates of Obligation, Series 2001, 5.000%, 2/15/21 – AGM Insured
No Opt. Call
AA
2,091,670
8,500
 
Grand Prairie Independent School District, Dallas County, Texas, General Obligation Bonds,
8/18 at 22.64
AA
1,672,885
   
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 100.00
A
545,798
   
Refunding Series 2012A, 0.000%, 8/01/45
     
1,360
 
Jacksonville Independent School District, Cherokee County, Texas, General Obligation Bonds,
2/24 at 100.00
Aaa
1,546,415
   
School Building Series 2014, 5.000%, 2/15/39
     
4,900
 
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation
8/14 at 17.78
AAA
862,743
   
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
311,850
   
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
410,829
   
Series 2009, 5.000%, 8/15/34
     
1,350
 
Lubbock Independent School District, Lubbock County, Texas, General Obligation Bonds, School
No Opt. Call
AAA
1,516,428
   
Building Series 2013A, 5.000%, 2/15/43
     
1,750
 
Martin County Hospital District, Texas, Combination Limited Tax and Revenue Bonds, Series
4/21 at 100.00
BBB
1,929,165
   
2011A, 7.250%, 4/01/36
     
   
McCamey County Hospital District, Texas, General Obligation Bonds, Series 2013:
     
1,000
 
5.750%, 12/01/33
12/25 at 100.00
Baa2
1,095,280
1,000
 
6.125%, 12/01/38
12/25 at 100.00
Baa2
1,095,670
1,010
 
Mercedes Independent School District, Hidalgo County, Texas, General Obligation Bonds, Series
8/15 at 100.00
AAA
1,066,893
   
2005, 5.000%, 8/15/23
     
1,500
 
Montgomery County, Texas, General Obligation Bonds, Refunding Series 2008B, 5.250%, 3/01/32
3/19 at 100.00
Aa1
1,711,725
2,000
 
Plano Independent School District, Collin County, Texas, General Obligation Bonds, Series
2/18 at 100.00
Aaa
2,248,040
   
2008A, 5.250%, 2/15/34
     
1,425
 
Port of Houston Authority, Harris County, Texas, General Obligation Bonds, Series 2010E,
No Opt. Call
AAA
664,193
   
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
1,172,526
1,165
 
5.000%, 8/15/23 – AGM Insured
8/15 at 100.00
AAA
1,230,624
1,250
 
Southside Independent School District, Bexar County, Texas, General Obligation Bonds, Series
8/14 at 100.00
Aaa
1,262,263
   
2004A, 5.000%, 8/15/22
     
2,000
 
Texas State, General Obligation Bonds, Transportation Commission Highway Improvement Series
No Opt. Call
AAA
2,227,880
   
2012A, 5.000%, 4/01/42
     
5,000
 
Texas State, General Obligation Bonds, Transportation Commission Mobility Fund, Series 2006A,
4/17 at 100.00
AAA
5,489,950
   
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
1,128,800
   
5.000%, 4/01/30 (UB)
     
3,025
 
Victoria Independent School District, Victoria County, Texas, General Obligation Bonds, School
2/17 at 100.00
AAA
3,330,586
   
Building Series 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
8/14 at 64.64
AAA
28,867
45
 
0.000%, 8/15/24
8/14 at 57.95
AAA
25,883
   
White Settlement Independent School District, Tarrant County, Texas, General Obligation Bonds,
     
   
Series 2006:
     
240
 
0.000%, 8/15/43
8/15 at 23.11
AAA
52,786
240
 
0.000%, 8/15/44
8/15 at 21.88
AAA
49,944
65
 
0.000%, 8/15/45
8/15 at 20.76
AAA
12,832
52,520
 
Total Tax Obligation/General
   
40,462,998
   
Tax Obligation/Limited – 18.8% (12.9% 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
1,077,420
   
AGM Insured
     
7,940
 
Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Senior Lien Refunding Series 2007,
12/16 at 100.00
AA+
8,556,144
   
5.000%, 12/01/36 – AMBAC Insured
     
500
 
Flower Mound, Texas, Special Assessment Revenue Bonds, River Walk Public Improvement
No Opt. Call
N/R
506,080
   
District 1, Series 2014, 6.500%, 9/01/36
     
1,390
 
Harris County Metropolitan Transit Authority, Texas, Sales and Use Tax Revenue Bonds, Series
11/21 at 100.00
AA+
1,530,418
   
2011A, 5.000%, 11/01/41
     
   
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H:
     
300
 
0.000%, 11/15/24 – NPFG Insured
No Opt. Call
AA–
178,254
210
 
0.000%, 11/15/32 – NPFG Insured
11/31 at 94.05
AA–
77,379
260
 
0.000%, 11/15/33
11/31 at 88.44
AA–
88,566
2,045
 
0.000%, 11/15/34 – NPFG Insured
11/31 at 83.17
AA–
644,052
1,130
 
0.000%, 11/15/36 – NPFG Insured
11/31 at 73.51
AA–
306,671
4,270
 
0.000%, 11/15/38 – NPFG Insured
11/31 at 64.91
AA–
1,006,012
2,260
 
0.000%, 11/15/39 – NPFG Insured
11/31 at 60.98
AA–
495,957
   
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Senior Lien Series 2001G:
     
2,250
 
5.250%, 11/15/22 – NPFG Insured
No Opt. Call
AA–
2,251,868
3,440
 
0.000%, 11/15/41 – NPFG Insured
11/31 at 53.78
AA–
692,300
1,000
 
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3,
11/24 at 59.10
AA–
322,540
   
0.000%, 11/15/33 – NPFG Insured
     
1,500
 
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment
No Opt. Call
A2
1,552,710
   
Facilities Department, Refunding Series 2011B, 5.000%, 9/01/30
     
2,000
 
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment
No Opt. Call
A2
2,002,140
   
Project, Refunding Series 2012, 5.000%, 9/01/33
     
1,470
 
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment
No Opt. Call
A2
612,975
   
Project, Series 2001B, 0.000%, 9/01/32 – AMBAC Insured
     
250
 
Little Elm. Texas, Valencia Public Improvement District Phase I Special Assessment Revenue
3/18 at 103.00
N/R
259,558
   
Bonds, Series 2014, 7.150%, 9/01/37
     
3,000
 
North Texas Rollway Authority, Special Projects System Revenue Bonds, Current Interest Series
9/21 at 100.00
AA+
3,381,058
   
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+
2,286,500
   
5.500%, 9/01/41
     
1,000
 
Uptown Development Authority, Houston, Texas, Tax Increment Revenue Bonds, Infrastructure
9/19 at 100.00
BBB
1,084,160
   
Improvement Facilities, Series 2009, 5.500%, 9/01/29
     
39,215
 
Total Tax Obligation/Limited
   
28,912,762
   
Transportation – 14.8% (10.1% of Total Investments)
     
   
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2010:
     
2,945
 
0.000%, 1/01/36
No Opt. Call
Baa2
974,029
2,205
 
0.000%, 1/01/37
No Opt. Call
Baa2
691,334
2,160
 
0.000%, 1/01/38
No Opt. Call
Baa2
646,056
1,000
 
0.000%, 1/01/40
No Opt. Call
Baa2
261,410
665
 
Central Texas Regional Mobility Authority, Revenue Bonds, Subordinate Lien Refunding Series
1/23 at 100.00
Baa3
683,667
   
2013, 5.000%, 1/01/42
     
1,000
 
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2010A,
11/20 at 100.00
A+
1,065,710
   
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+
1,251,839
   
5.000%, 11/01/35
     
1,670
 
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, First Tier Series
10/23 at 100.00
BBB+
1,757,207
   
2013A, 5.125%, 10/01/43
     
1,165
 
Harris County, Texas, Toll Road Senior Lien Revenue Refunding Bonds, Series 2012C,
No Opt. Call
AA
1,315,728
   
5.000%, 8/15/31
     
2,000
 
Houston, Texas, Subordinate Lien Airport System Revenue Refunding Bonds, Series 2012A,
7/22 at 100.00
A+
2,179,480
   
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–
3,189,420
   
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
438,833
   
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
361,065
225
 
5.750%, 1/01/40 – NPFG Insured
1/18 at 100.00
AA–
249,968
2,500
 
North Texas Tollway Authority, First Tier System Revenue Refunding Bonds, Series 2008D,
No Opt. Call
AA
905,575
   
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
1,051,289
   
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
118,047
2,000
 
6.250%, 1/01/39
1/19 at 100.00
A2
2,293,580
2,500
 
San Antonio, Texas, Airport System Revenue Bonds, Refunding Series 2012, 5.000%, 7/01/27
7/22 at 100.00
A+
2,806,025
   
(Alternative Minimum Tax)
     
1,250
 
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series
8/14 at 40.96
A–
506,838
   
2002A, 0.000%, 8/15/29 – AMBAC Insured
     
29,220
 
Total Transportation
   
22,747,100
   
U.S. Guaranteed – 22.9% (15.7% of Total Investments) (5)
     
2,000
 
Borger Independent School District, Hutchison County, Texas, General Obligation Bonds, Series
2/16 at 100.00
AAA
2,161,760
   
2006, 5.000%, 2/15/36 (Pre-refunded 2/15/16)
     
   
Brazoria County Health Facilities Development Corporation, Texas, Revenue Bonds, Brazosport
     
   
Memorial Hospital, Series 2004:
     
1,745
 
5.250%, 7/01/20 (Pre-refunded 7/01/14) – RAAI Insured
7/14 at 100.00
N/R (5)
1,752,713
1,835
 
5.250%, 7/01/21 (Pre-refunded 7/01/14) – RAAI Insured
7/14 at 100.00
N/R (5)
1,843,111
3,455
 
Brownsville, Texas, Utility System Priority Revenue Bonds, Series 2005A, 5.000%, 9/01/27
9/15 at 100.00
A2 (5)
3,662,611
   
(Pre-refunded 9/01/15) – AMBAC Insured
     
1,190
 
Canutillo Independent School District, El Paso County, Texas, General Obligation Bonds, Series
8/15 at 100.00
AAA
1,259,353
   
2006A, 5.000%, 8/15/22 (Pre-refunded 8/15/15)
     
3,260
 
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2005, 5.000%,
1/15 at 100.00
AA– (5)
3,352,291
   
1/01/22 (Pre-refunded 1/01/15) – FGIC Insured
     
295
 
Coppell Independent School District, Dallas County, Texas, Unlimited Tax School Building and
No Opt. Call
AA– (5)
294,912
   
Refunding Bonds, Series 1992, 0.000%, 8/15/14 – NPFG Insured (ETM)
     
3,615
 
Frisco, Texas, General Obligation Bonds, Series 2006, 5.000%, 2/15/26 (Pre-refunded 2/15/16) –
2/16 at 100.00
Aa1 (5)
3,909,333
   
FGIC Insured
     
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+ (5)
5,181,650
   
AMBAC Insured
     
   
Lower Colorado River Authority, Texas, Revenue Bonds, Series 2008:
     
40
 
5.750%, 5/15/37 (Pre-refunded 5/15/15)
5/15 at 100.00
A1 (5)
42,123
1,785
 
5.750%, 5/15/37 (Pre-refunded 5/15/15)
5/15 at 100.00
A1 (5)
1,880,997
3,580
 
Midlothian Independent School District, Ellis County, Texas, General Obligation Bonds, Series
2/15 at 100.00
N/R (5)
3,702,935
   
2005, 5.000%, 2/15/34 (Pre-refunded 2/15/15)
     
1,000
 
North Central Texas Health Facilities Development Corporation, Hospital Revenue Bonds,
No Opt. Call
Aaa
1,242,430
   
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
3,193,125
   
Racetrack, Series 1993, 8.750%, 12/15/18 (Pre-refunded 12/15/17)
     
775
 
Texas State University System, Financing Revenue Bonds, Series 2004, 5.000%, 3/15/24
9/14 at 100.00
AA (5)
786,005
   
(Pre-refunded 9/15/14) – AGM Insured
     
325
 
Texas State, General Obligation Bonds, Water Utility, Series 2001, 5.250%, 8/01/23
8/14 at 100.00
AAA (5)
326,342
   
(Pre-refunded 8/17/2014)
     
   
White Settlement Independent School District, Tarrant County, Texas, General Obligation Bonds,
     
   
Series 2006:
     
1,260
 
0.000%, 8/15/43 (Pre-refunded 8/15/15)
8/15 at 23.11
N/R (5)
290,279
1,260
 
0.000%, 8/15/44 (Pre-refunded 8/15/15)
8/15 at 21.88
N/R (5)
274,718
360
 
0.000%, 8/15/45 (Pre-refunded 8/15/15)
8/15 at 20.76
N/R (5)
74,480
35,280
 
Total U.S. Guaranteed
   
35,231,168
   
Utilities – 15.2% (10.4% of Total Investments)
     
3,000
 
Austin, Texas, Electric Utility System Revenue Refunding Bonds, Series 2012A, 5.000%, 11/15/40
No Opt. Call
AA–
3,270,750
2,560
 
Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric
No Opt. Call
C
134,400
   
Company, Series 1999C, 7.700%, 3/01/32 (Alternative Minimum Tax) (4)
     
1,545
 
Brownsville, Texas, Utility System Priority Revenue Bonds, Series 2005A, 5.000%, 9/01/27 –
9/15 at 100.00
A+
1,622,482
   
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+
2,189,060
3,000
 
Lower Colorado River Authority, Texas, Refunding Revenue Bonds, Series 2010A, 5.000%, 5/15/40
5/20 at 100.00
A1
3,158,400
175
 
Lower Colorado River Authority, Texas, Revenue Bonds, Series 2008, 5.750%, 5/15/37
No Opt. Call
A1
182,455
2,000
 
Lower Colorado River Authority, Texas, Revenue Refunding Bonds, Series 2012B, 5.000%, 5/15/29
5/22 at 100.00
A1
2,257,880
1,500
 
Matagorda County Navigation District Number One, Texas, Pollution Control Revenue Refunding
7/19 at 102.00
Baa1
1,724,160
   
Bonds, Central Power and Light Company Project, Series 2009A, 6.300%, 11/01/29
     
1,000
 
Sam Rayburn Municipal Power Agency, Texas, Power Supply System Revenue Refunding Bonds,
No Opt. Call
BBB+
1,166,000
   
Series 2012, 5.000%, 10/01/20
     
   
Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Senior
     
   
Lien Series 2008D:
     
985
 
5.625%, 12/15/17
No Opt. Call
A–
1,084,130
3,000
 
6.250%, 12/15/26
No Opt. Call
A–
3,713,850
1,000
 
Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Series
No Opt. Call
A–
1,150,020
   
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+
690,291
1,000
 
5.000%, 9/01/40
9/20 at 100.00
A+
1,072,210
23,405
 
Total Utilities
   
23,416,088
   
Water and Sewer – 16.0% (11.0% of Total Investments)
     
1,575
 
Bell County Water Control Improvement District 1, Texas, Water Revenue Bonds, Series 2014,
7/23 at 100.00
AA
1,739,131
   
5.000%, 7/10/38 – BAM Insured
     
2,500
 
Bexar Metropolitan Water District, Texas, Waterworks System Revenue Bonds, Refunding Series
5/20 at 100.00
A+
2,802,825
   
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
2,762,475
   
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
1,019,000
1,030
 
5.000%, 12/15/21 – FGIC Insured
12/14 at 100.00
AA
1,043,205
2,000
 
Corpus Christi, Texas, Utility System Revenue Bonds, Improvement Junior Lien Series 2013,
7/23 at 100.00
A1
2,152,340
   
5.000%, 7/15/43
     
1,000
 
El Paso, Texas, Water and Sewer Revenue Bonds, Refunding Series 2008C, 5.375%, 3/01/29
3/18 at 100.00
AA+
1,147,270
2,000
 
Houston, Texas, First Lien Combined Utility System Revenue Bonds, Refunding Series 2012D,
11/22 at 100.00
AA
2,221,840
   
5.000%, 11/15/42
     
   
Irving, Texas, Waterworks and Sewerage Revenue Bonds, Subordinate Lien Series 2004:
     
100
 
5.000%, 8/15/22 – AMBAC Insured
8/14 at 100.00
Aa1
100,981
105
 
5.000%, 8/15/23 – AMBAC Insured
8/14 at 100.00
Aa1
106,030
4,000
 
Laredo, Webb County, Texas, Waterworks and Sewer System Revenue Bonds, Series 2010,
3/20 at 100.00
AA–
4,552,960
   
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
769,519
   
12/15/36 – AGM Insured
     
3,860
 
North Harris County Regional Water Authority, Texas, Water Revenue Bonds, Senior Lien
12/22 at 100.00
A+
4,258,777
   
Refunding Series 2013, 5.000%, 12/15/33
     
22,385
 
Total Water and Sewer
   
24,676,353
$ 248,470
 
Total Long-Term Investments (cost $211,186,693)
   
224,600,232
   
Floating Rate Obligations – (2.6)%
   
(3,960,000)
   
MuniFund Term Preferred Shares, at Liquidation Value – (46.1)% (6)
   
(70,920,000)
   
Other Assets Less Liabilities – 2.6%
   
4,057,283
   
Net Assets Applicable to Common Shares – 100%
   
$ 153,777,515
 
 
 
 

 
 
 
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 following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using 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 risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
 
         
 
Level 1
Level 2
Level 3
Total
Long-Term Investments:
       
  Municipal Bonds
$ —
$224,600,232
$ —
$224,600,232
 
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.
 
As of May 31, 2014, the cost of investments was $207,982,316.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of May 31, 2014, were as follows:
 
   
Gross unrealized:
 
  Appreciation
$16,733,440
  Depreciation
(4,075,535)
Net unrealized appreciation (depreciation) of investments
$12,657,905
 
     
(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)
 
At or subsequent to the end of the reporting period, this security is non-income producing. Non-income
   
producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on
   
the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the
   
Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations
   
and has directed the Fund’s custodian to cease accruing additional income on the Fund’s records.
(5)
 
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.
(6)
 
MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 31.6%.
(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, 2014        
 
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, 2014        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         July 30, 2014