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 811-6385
 
Nuveen Ohio Quality Income Municipal Fund, Inc.
(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:         11/30/09         
 
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 Ohio Quality Income Municipal Fund, Inc. (NUO)      
  November 30, 2009      
Principal   Optional Call    
Amount (000) Description (1) Provisions (2) Ratings (3) Value
  Consumer Staples – 7.4% (5.1% of Total Investments)      
  Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue       
  Bonds, Senior Lien, Series 2007A-2:       
$      4,735  5.875%, 6/01/30  6/17 at 100.00  BBB  $    3,987,912 
1,650  5.750%, 6/01/34  6/17 at 100.00  BBB  1,326,815 
8,450  5.875%, 6/01/47  6/17 at 100.00  BBB  6,018,850 
120  Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,  5/12 at 100.00  BBB  114,241 
  Series 2002, 5.375%, 5/15/33       
14,955  Total Consumer Staples      11,447,818 
  Education and Civic Organizations – 14.9% (10.3% of Total Investments)      
1,650  Ohio Higher Education Facilities Commission, General Revenue Bonds, Kenyon College, Series  7/16 at 100.00  A+  1,642,130 
  2006, 5.000%, 7/01/41       
1,750  Ohio Higher Education Facilities Commission, General Revenue Bonds, Oberlin College, Series  10/13 at 100.00  AA  1,843,520 
  2003, 5.125%, 10/01/24       
1,000  Ohio Higher Education Facilities Commission, Revenue Bonds, Wittenberg University, Series  12/15 at 100.00  Baa2  883,350 
  2005, 5.000%, 12/01/29       
2,420  Ohio Higher Educational Facilities Commission, General Revenue Bonds, University of Dayton,  12/16 at 100.00  A  2,455,671 
  2006 Project, Series 2006, 5.000%, 12/01/30 – AMBAC Insured       
1,415  Ohio Higher Educational Facilities Commission, Revenue Bonds, Denison University, Series 2004,  11/14 at 100.00  AA  1,488,877 
  5.000%, 11/01/21       
1,320  Ohio Higher Educational Facilities Commission, Revenue Bonds, University of Dayton, Series  12/14 at 100.00  A  1,355,218 
  2004, 5.000%, 12/01/25 – AMBAC Insured       
1,000  Ohio Higher Educational Facilities Commission, Revenue Bonds, Wittenberg University, Series  12/11 at 100.00  Baa2  1,019,140 
  2001, 5.500%, 12/01/15       
1,500  Ohio State Higher Education Facilities, Revenue Bonds, Case Western Reserve University, Series  12/16 at 100.00  AA–  1,529,730 
  2006, 5.000%, 12/01/44 – NPFG Insured       
1,200  Ohio State University, General Receipts Bonds, Series 2002A, 5.125%, 12/01/31  12/12 at 100.00  AA  1,242,060 
3,000  Ohio State University, General Receipts Bonds, Series 2003B, 5.250%, 6/01/22  6/13 at 100.00  AA  3,261,270 
1,510  University of Akron, Ohio, General Receipts Bonds, Series 2003A, 5.000%, 1/01/21 –  1/13 at 100.00  A2  1,554,258 
  AMBAC Insured       
850  University of Cincinnati, Ohio, General Receipts Bonds, Series 2003C, 5.000%, 6/01/22 –  6/13 at 100.00  A+  876,376 
  FGIC Insured       
  University of Cincinnati, Ohio, General Receipts Bonds, Series 2004D:       
1,200  5.000%, 6/01/19 – AMBAC Insured  6/14 at 100.00  A+  1,264,872 
2,605  5.000%, 6/01/25 – AMBAC Insured  6/14 at 100.00  A+  2,679,998 
22,420  Total Education and Civic Organizations      23,096,470 
  Health Care – 19.6% (13.5% of Total Investments)      
2,000  Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities Revenue  5/10 at 101.00  Baa1  1,966,680 
  Bonds, Summa Health System, Series 1998A, 5.375%, 11/15/24       
3,405  Butler County, Ohio, Hospital Facilities Revenue Bonds, Cincinnati Children’s Medical Center  5/16 at 100.00  N/R  3,023,300 
  Project, Series 2006K, 5.000%, 5/15/31 – FGIC Insured       
1,000  Cuyahoga County, Ohio, Hospital Revenue Refunding and Improvement Bonds, MetroHealth System,  2/10 at 100.00  A  1,001,010 
  Series 1997, 5.625%, 2/15/17 – NPFG Insured       
2,000  Cuyahoga County, Ohio, Revenue Refunding Bonds, Cleveland Clinic Health System, Series 2003A,  7/13 at 100.00  Aa2  2,099,600 
  6.000%, 1/01/32       
3,000  Erie County, Ohio, Hospital Facilities Revenue Bonds, Firelands Regional Medical Center,  8/12 at 101.00  A  2,716,650 
  Series 2002A, 5.625%, 8/15/32       
1,000  Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project, Series  11/18 at 100.00  Aa2  944,440 
  2005, 5.000%, 11/01/40       
2,455  Hamilton County, Ohio, Revenue Bonds, Children’s Hospital Medical Center, Series 2004J,  5/14 at 100.00  A  2,581,482 
  5.250%, 5/15/16 – FGIC Insured       
785  Miami County, Ohio, Hospital Facilities Revenue Refunding Bonds, Upper Valley Medical Center  5/16 at 100.00  A–  810,112 
  Inc., Series 2006, 5.250%, 5/15/21       
  Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A:       
1,500  5.000%, 5/01/30  5/14 at 100.00  AA  1,510,575 
2,500  5.000%, 5/01/32  No Opt. Call  AA  2,504,800 
1,350  Montgomery County, Ohio, Revenue Bonds, Miami Valley Hospital, Series 2009A, 6.250%, 11/15/39  11/14 at 100.00  Aa3  1,410,615 
1,000  Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, University  1/15 at 100.00  A  1,060,120 
  Hospitals Health System, Series 2009, 6.750%, 1/15/39       
2,700  Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System  1/19 at 100.00  Aa2  2,978,964 
  Obligated Group, Tender Option Bond Trust 3551, 19.727%, 1/01/39 (IF)       
830  Richland County, Ohio, Hospital Facilities Revenue Improvement Bonds, MedCentral Health System  11/10 at 101.00  A–  844,857 
  Obligated Group, Series 2000B, 6.375%, 11/15/30       
1,200  Richland County, Ohio, Hospital Revenue Bonds, MidCentral Health System Group, Series 2006,  11/16 at 100.00  A–  1,121,364 
  5.250%, 11/15/36       
600  Ross County, Ohio, Hospital Revenue Refunding Bonds, Adena Health System Series 2008,  12/18 at 100.00  A  613,098 
  5.750%, 12/01/35       
1,315  State of Ohio Hospital Revenue Bonds, Series 2008A (Cleveland Clinic Health System Obligated  1/18 at 100.00  Aa2  1,379,093 
  Group), 5.000%, 1/01/25       
1,705  Tuscarawas County, Ohio, Hospital Facilities Revenue Bonds, Union Hospital Project, Series  10/11 at 101.00  N/R  1,864,247 
  2001, 5.750%, 10/01/21 – RAAI Insured       
30,345  Total Health Care      30,431,007 
  Housing/Multifamily – 6.4% (4.4% of Total Investments)      
1,385  Clermont County, Ohio, GNMA Collateralized Mortgage Revenue Bonds, S.E.M. Villa II Project,  2/10 at 100.00  Aaa  1,386,150 
  Series 1994A, 5.950%, 2/20/30       
  Cuyahoga County, Ohio, GNMA Collateralized Multifamily Housing Mortgage Revenue Bonds,       
  Longwood Phase One Associates LP, Series 2001A:       
2,475  5.350%, 1/20/21 (Alternative Minimum Tax)  7/11 at 102.00  Aaa  2,524,772 
2,250  5.450%, 1/20/31 (Alternative Minimum Tax)  7/11 at 102.00  Aaa  2,263,838 
985  Franklin County, Ohio, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Hamilton Creek  1/10 at 100.00  Aa2  985,355 
  Apartments Project, Series 1994A, 5.550%, 7/01/24 (Alternative Minimum Tax)       
800  Montgomery County, Ohio, GNMA Guaranteed Multifamily Housing Revenue Bonds, Canterbury Court  10/18 at 101.00  Aaa  811,528 
  Project, Series 2007, 5.500%, 10/20/42 (Alternative Minimum Tax)       
795  Ohio Housing Finance Agency, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Madonna  6/16 at 102.00  AAA  759,766 
  Homes, Series 2006M, 4.900%, 6/20/48 (Alternative Minimum Tax)       
1,200  Summit County Port Authority, Ohio, Multifamily Housing Revenue Bonds, Callis Tower Apartments  9/17 at 102.00  AAA  1,178,040 
  Project, Series 2007, 5.250%, 9/20/47 (Alternative Minimum Tax)       
9,890  Total Housing/Multifamily      9,909,449 
  Housing/Single Family – 2.5% (1.8% of Total Investments)      
1,240  Ohio Housing Finance Agency, GNMA Mortgage-Backed Securities Program Residential Mortgage  3/10 at 101.00  Aaa  1,243,150 
  Revenue Bonds, Series 1997B, 5.400%, 9/01/29 (Alternative Minimum Tax)       
745  Ohio Housing Finance Agency, GNMA Mortgage-Backed Securities Program Residential Mortgage  3/10 at 100.00  Aaa  761,256 
  Revenue Bonds, Series 1998A-1, 5.300%, 9/01/19 – FSA Insured (Alternative Minimum Tax)       
1,995  Ohio Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2006H, 5.000%,  9/15 at 100.00  Aaa  1,940,696 
  9/01/31 (Alternative Minimum Tax)       
3,980  Total Housing/Single Family      3,945,102 
  Industrials – 1.2% (0.9% of Total Investments)      
815  Cleveland-Cuyahoga County Port Authority, Ohio, Development Revenue Bonds, Bond Fund Program –  11/15 at 100.00  N/R  715,342 
  Columbia National Group Project, Series 2005D, 5.000%, 5/15/20 (Alternative Minimum Tax)       
1,300  Cleveland-Cuyahoga County Port Authority, Ohio, Development Revenue Bonds, Jergens Inc.,  5/10 at 100.00  N/R  1,199,575 
  Series 1998A, 5.375%, 5/15/18 (Alternative Minimum Tax)       
2,115  Total Industrials      1,914,917 
  Materials – 1.3% (0.9% of Total Investments)      
2,000  Toledo-Lucas County Port Authority, Ohio, Port Revenue Bonds, Cargill Inc., Series 2004B,  No Opt. Call  A  2,083,240 
  4.500%, 12/01/15       
  Tax Obligation/General – 39.0% (26.9% of Total Investments)      
  Butler County, Ohio, General Obligation Bonds, Series 2002:       
1,345  5.000%, 12/01/21 – NPFG Insured  12/12 at 100.00  Aa2  1,457,792 
1,200  5.000%, 12/01/22 – NPFG Insured  12/12 at 101.00  Aa2  1,281,948 
1,500  Centerville City School District, Montgomery County, Ohio, General Obligation Bonds, Series  6/15 at 100.00  Aa2  1,570,035 
  2005, 5.000%, 12/01/30 – FSA Insured       
1,000  Central Ohio Solid Waste Authority, General Obligation Bonds, Series 2004A, 5.000%, 12/01/15 –  6/14 at 100.00  AAA  1,117,820 
  AMBAC Insured       
2,600  Cincinnati City School District, Hamilton County, Ohio, General Obligation Bonds, Series 2002,  12/12 at 100.00  AAA  2,817,282 
  5.250%, 6/01/21 – FSA Insured       
1,000  Cleveland Municipal School District, Cuyahoga County, Ohio, General Obligation Bonds, Series  6/14 at 100.00  AAA  1,053,250 
  2004, 5.000%, 12/01/22 – FSA Insured       
1,200  Cuyahoga County, Ohio, General Obligation Bonds, Series 2004, 5.000%, 12/01/21  12/14 at 100.00  AA+  1,289,364 
1,000  Dayton, Ohio, General Obligation Bonds, Series 2004, 5.250%, 12/01/19 – AMBAC Insured  6/14 at 100.00  AA–  1,107,430 
1,000  Dublin City School District, Franklin, Delaware and Union Counties, Ohio, General Obligation  12/13 at 100.00  AAA  1,078,630 
  Bonds, Series 2003, 5.000%, 12/01/22 – FSA Insured       
1,000  Dublin, Ohio, Unlimited Tax Various Purpose Improvement Bonds, Series 2000A, 5.000%, 12/01/20  12/10 at 100.00  Aaa  1,019,830 
1,195  Fairview Park City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series  6/15 at 100.00  A2  1,245,106 
  2005, 5.000%, 12/01/24 – NPFG Insured       
1,840  Franklin County, Ohio, General Obligation Bonds, Series 2007, 5.000%, 12/01/28  12/17 at 100.00  AAA  2,005,048 
1,500  Green, Ohio, General Obligation Bonds, Series 2008, 5.500%, 12/01/32  12/15 at 100.00  AA  1,577,340 
1,355  Grove City, Ohio, General Obligation Bonds, Construction & Improvement Series 2009,  No Opt. Call  Aa2  1,384,254 
  5.125%, 12/01/36       
7,020  Hamilton City School District, Ohio, General Obligation Bonds, Series 2007, 5.000%, 12/01/34 –  6/17 at 100.00  AAA  7,311,678 
  FSA Insured       
1,850  Hilliard School District, Franklin County, Ohio, General Obligation Bonds, School  12/15 at 100.00  Aa2  1,948,864 
  Construction, Series 2005, 5.000%, 12/01/26 – NPFG Insured       
3,000  Hilliard School District, Franklin County, Ohio, General Obligation Bonds, Series 2006A,  12/16 at 100.00  AA  3,198,810 
  5.000%, 12/01/25 – NPFG Insured       
2,580  Indian Lake Local School District, Logan and Auglaize Counties, Ohio, School Facilities  6/17 at 100.00  A+  2,613,798 
  Improvement and Refunding Bonds, Series 2007, 5.000%, 12/01/34 – NPFG Insured       
1,160  Kenston Local School District, Geauga County, Ohio, General Obligation Bonds, Series 2003,  6/13 at 100.00  Aa3  1,239,031 
  5.000%, 12/01/22 – NPFG Insured       
800  Lakewood City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series 2007,  12/17 at 100.00  AA–  856,080 
  5.000%, 12/01/25 – FGIC Insured       
2,000  Louisville City School District, Ohio, General Obligation Bonds, Series 2001, 5.000%, 12/01/29 –  12/11 at 100.00  A3  2,005,660 
  FGIC Insured       
505  Marysville Exempted School District, Union County, Ohio, General Obligation Bonds, Series  12/15 at 100.00  AAA  531,467 
  2006, 5.000%, 12/01/25 – FSA Insured       
500  Mason City School District, Counties of Warren and Butler, Ohio, General Obligation Bonds,  6/17 at 100.00  Aa1  526,995 
  Series 2007, 5.000%, 12/01/31       
1,515  Massillon City School District, Ohio, General Obligation Bonds, Series 2003, 5.250%, 12/01/21 –  12/12 at 100.00  Baa1  1,661,985 
  NPFG Insured       
1,350  Milford Exempted Village School District, Ohio, General Obligation Bonds, Series 2008,  12/18 at 100.00  A2  1,378,148 
  5.250%, 12/01/36       
640  New Albany Plain Local School District, Franklin County, Ohio, General Obligation Bonds,  6/12 at 100.00  Aa2  695,987 
  Series 2002, 5.500%, 12/01/17 – FGIC Insured       
1,000  Newark City School District, Licking County, Ohio, General Obligation Bonds, Series 2005,  12/15 at 100.00  A  1,032,420 
  5.000%, 12/01/28 – FGIC Insured       
1,000  Northmor Local School District, Morrow County, Ohio, General Obligation School Facilities  11/18 at 100.00  Aa3  1,021,610 
  Construction and Improvement Bonds, Series 2008, 5.000%, 11/01/36       
3,000  Ohio, General Obligation Bonds, Infrastructure Improvements, Series 2003F, 5.000%, 2/01/23  2/13 at 100.00  AA+  3,130,260 
1,510  Painesville City School District, Ohio, General Obligation Bonds, Series 2004, 5.000%,  12/14 at 100.00  A  1,599,543 
  12/01/22 – FGIC Insured       
280  Plain Local School District, Franklin and Licking Counties, Ohio, General Obligation Bonds,  6/11 at 100.00  Aa2  297,914 
  Series 2000, 6.000%, 12/01/20 – FGIC Insured       
1,445  Portage County, Ohio, General Obligation Bonds, Series 2001, 5.000%, 12/01/27 – FGIC Insured  12/11 at 100.00  AA  1,485,446 
2,000  Strongsville, Ohio, General Obligation Bonds, Series 2001, 5.000%, 12/01/21 – FGIC Insured  12/11 at 100.00  Aa1  2,121,040 
70  Strongsville, Ohio, Limited Tax General Obligation Various Purpose Improvement Bonds, Series  12/09 at 100.00  Aa1  70,307 
  1996, 5.950%, 12/01/21       
100  Sylvania City School District, Ohio, General Obligation School Improvement Bonds, Series 1995,  6/17 at 100.00  AAA  103,125 
  5.250%, 12/01/36 – AGC Insured       
650  Vandalia Butler City School District, Montgomery County, Ohio, General Obligation Bonds,  No Opt. Call  AA  667,466 
  School Improvment Series 2009, 5.125%, 12/01/37       
  Warren City School District, Trumbull County, Ohio, General Obligation Bonds, Series 2004:       
2,515  5.000%, 12/01/20 – FGIC Insured  6/14 at 100.00  AA  2,728,700 
1,170  5.000%, 12/01/22 – FGIC Insured  6/14 at 100.00  AA  1,248,811 
1,000  West Chester Township, Butler County, Ohio, General Obligation Bonds, Series 2003, 5.000%,  12/13 at 100.00  Aa1  1,028,380 
  12/01/28 – NPFG Insured       
57,395  Total Tax Obligation/General      60,508,654 
  Tax Obligation/Limited – 15.0% (10.3% of Total Investments)      
1,380  Columbus, Ohio, Tax Increment Financing Bonds, Easton Project, Series 2004A, 5.000%, 12/01/25 –  6/14 at 100.00  BBB+  1,404,467 
  AMBAC Insured       
3,000  Franklin County, Ohio, Excise Tax and Lease Revenue Anticipation Bonds, Convention Facilities  12/15 at 100.00  Aaa  3,189,120 
  Authority, Series 2005, 5.000%, 12/01/27 – AMBAC Insured       
1,085  Hamilton County Convention Facilities Authority, Ohio, First Lien Revenue Bonds, Series 2004,  6/14 at 100.00  A+  1,151,001 
  5.000%, 12/01/18 – FGIC Insured       
4,600  Hamilton County, Ohio, Sales Tax Bonds, Subordinate Lien, Series 2006, 5.000%, 12/01/32 –  12/16 at 100.00  A2  4,651,427 
  AMBAC Insured       
1,000  Hudson City School District, Ohio, Certificates of Participation, Series 2004, 5.000%, 6/01/26 –  6/14 at 100.00  A1  1,016,910 
  NPFG Insured       
  New Albany Community Authority, Ohio, Community Facilities Revenue Refunding Bonds,       
  Series 2001B:       
1,000  5.500%, 10/01/15 – AMBAC Insured  4/12 at 100.00  A2  1,042,430 
1,000  5.500%, 10/01/17 – AMBAC Insured  4/12 at 100.00  A2  1,029,030 
800  Ohio State Building Authority, State Facilities Bonds, Administrative Building Fund Projects,  4/15 at 100.00  AAA  844,192 
  Series 2005A, 5.000%, 4/01/25 – FSA Insured       
2,645  Ohio State Building Authority, State Facilities Bonds, Adult Correctional Building Fund  4/14 at 100.00  AA  2,992,024 
  Project, Series 2004A, 5.250%, 4/01/15 – NPFG Insured       
1,000  Ohio, State Appropriation Lease Bonds, Mental Health Capital Facilities, Series 2003B-II,  6/13 at 100.00  AA  1,119,110 
  5.000%, 6/01/16       
23,215  Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series  No Opt. Call  A+  4,791,343 
  2009A, 0.000%, 8/01/34       
40,725  Total Tax Obligation/Limited      23,231,054 
  Transportation – 3.4% (2.3% of Total Investments)      
3,000  Dayton, Ohio, Airport Revenue Bonds, James M. Cox International Airport, Series 2003C, 5.250%,  12/13 at 100.00  A–  2,910,330 
  12/01/23 – RAAI Insured (Alternative Minimum Tax)       
2,000  Ohio Turnpike Commission, Revenue Refunding Bonds, Series 1998A, 5.500%, 2/15/18 –  No Opt. Call  AA  2,366,580 
  FGIC Insured       
5,000  Total Transportation      5,276,910 
  U.S. Guaranteed – 20.3% (14.0% of Total Investments) (4)      
2,030  Butler County, Ohio, General Obligation Judgment Bonds, Series 2002, 5.250%, 12/01/21  12/12 at 101.00  Aa2 (4)  2,307,400 
  (Pre-refunded 12/01/12)       
1,000  Dayton, Ohio, Airport Revenue Bonds, James M. Cox International Airport, Series 2005B, 5.000%,  No Opt. Call  A– (4)  1,165,880 
  12/01/14 – SYNCORA GTY Insured (ETM)       
2,000  Garfield Heights City School District, Cuyahoga County, Ohio, General Obligation School  12/11 at 100.00  N/R (4)  2,178,720 
  Improvement Bonds, Series 2001, 5.000%, 12/15/26 (Pre-refunded 12/15/11) – MBIA Insured       
1,500  Hamilton County, Ohio, Sewer System Revenue and Improvement Bonds, Metropolitan Sewer District  6/10 at 101.00  AA+ (4)  1,555,980 
  of Greater Cincinnati, Series 2000A, 5.750%, 12/01/25 (Pre-refunded 6/01/10) – MBIA Insured       
1,000  Hilliard School District, Ohio, General Obligation School Improvement Bonds, Series 2000,  12/10 at 101.00  AA (4)  1,064,090 
  5.750%, 12/01/24 (Pre-refunded 12/01/10) – FGIC Insured       
2,000  Lakota Local School District, Butler County, Ohio, Unlimited Tax General Obligation School  6/11 at 100.00  Aa1 (4)  2,139,100 
  Improvement and Refunding Bonds, Series 2001, 5.125%, 12/01/26 (Pre-refunded 6/01/11) –       
  FGIC Insured       
760  Middletown City School District, Butler County, Ohio, General Obligation Bonds, Series 2004,  12/13 at 100.00  N/R (4)  870,230 
  5.000%, 12/01/25 (Pre-refunded 12/01/13) – FGIC Insured       
3,000  Montgomery County, Ohio, Hospital Facilities Revenue Bonds, Kettering Medical Center, Series  4/10 at 101.00  A (4)  3,094,530 
  1999, 6.750%, 4/01/18 (Pre-refunded 4/01/10)       
1,260  Morgan Local School District, Morgan, Muskingum and Washington Counties, Ohio, Unlimited Tax  12/10 at 101.00  AA (4)  1,341,812 
  General Obligation School Improvement Bonds, Series 2000, 5.750%, 12/01/22       
  (Pre-refunded 12/01/10)       
460  New Albany Plain Local School District, Franklin County, Ohio, General Obligation Bonds,  6/12 at 100.00  Aa2 (4)  513,930 
  Series 2002, 5.500%, 12/01/17 (Pre-refunded 6/01/12) – FGIC Insured       
  Olentangy Local School District, Delaware and Franklin Counties, Ohio, General Obligation       
  Bonds, Series 2004A:       
1,315  5.250%, 12/01/23 (Pre-refunded 6/01/14) – FGIC Insured  6/14 at 100.00  AA+ (4)  1,534,868 
3,380  5.250%, 12/01/24 (Pre-refunded 6/01/14) – FGIC Insured  6/14 at 100.00  AA+ (4)  3,945,136 
1,000  Princeton City School District, Butler County, Ohio, General Obligation Bonds, Series 2003,  12/13 at 100.00  AAA  1,147,990 
  5.000%, 12/01/30 (Pre-refunded 12/01/13) – MBIA Insured       
1,670  Richland County, Ohio, Hospital Facilities Revenue Improvement Bonds, MedCentral Health System  11/10 at 101.00  A– (4)  1,781,306 
  Obligated Group, Series 2000B, 6.375%, 11/15/30 (Pre-refunded 11/15/10)       
2,830  Springfield Township, Hamilton County, Ohio, Various Purpose Limited Tax General Obligation  12/11 at 100.00  Aa3 (4)  3,092,483 
  Bonds, Series 2002, 5.250%, 12/01/27 (Pre-refunded 12/01/11)       
1,500  Steubenville, Ohio, Hospital Facilities Revenue Refunding and Improvement Bonds, Trinity  10/10 at 100.00  N/R (4)  1,576,350 
  Health System, Series 2000, 6.375%, 10/01/20 (Pre-refunded 10/01/10)       
2,000  Westerville City School District, Franklin and Delaware Counties, Ohio, Various Purpose  6/11 at 100.00  AA– (4)  2,131,300 
  General Obligation Bonds, Series 2001, 5.000%, 12/01/27 (Pre-refunded 6/01/11) – MBIA Insured       
28,705  Total U.S. Guaranteed      31,441,105 
  Utilities – 10.4% (7.2% of Total Investments)      
2,500  American Municipal Power Ohio Inc., General Revenue Bonds, Series 2008, 5.250%, 2/15/43  2/18 at 100.00  A1  2,503,750 
4,000  American Municipal Power Ohio Inc., Wadsworth, Electric System Improvement Revenue Bonds,  2/12 at 100.00  A2  4,087,239 
  Series 2002, 5.000%, 2/15/22 – NPFG Insured       
  Cleveland, Ohio, Public Power System Revenue Bonds, Series 2008B:       
2,105  0.000%, 11/15/32 – NPFG Insured  No Opt. Call  A  639,815 
2,155  0.000%, 11/15/34 – NPFG Insured  No Opt. Call  A  577,260 
3,000  Ohio Air Quality Development Authority, Revenue Bonds, JMG Funding Limited Partnership  4/10 at 100.00  N/R  2,605,890 
  Project, Series 1997, 5.625%, 1/01/23 – AMBAC Insured (Alternative Minimum Tax)       
800  Ohio Municipal Electric Generation Agency, Beneficial Interest Certificates, Belleville  No Opt. Call  A1  272,304 
  Hydroelectric Project – Joint Venture 5, Series 2001, 0.000%, 2/15/29 – NPFG Insured       
2,000  Ohio Municipal Electric Generation Agency, Beneficial Interest Certificates, Belleville  2/14 at 100.00  A1  2,056,180 
  Hydroelectric Project – Joint Venture 5, Series 2004, 5.000%, 2/15/20 – AMBAC Insured       
3,700  Ohio Water Development Authority, Solid Waste Disposal Revenue Bonds, Bay Shore Power, Series  3/10 at 101.00  N/R  3,455,911 
  1998A, 5.875%, 9/01/20 (Alternative Minimum Tax)       
20,260  Total Utilities      16,198,349 
  Water and Sewer – 3.4% (2.4% of Total Investments)      
430  City of Marysville, Ohio, Water System Mortgage Revenue Bonds, Series 2007, 5.000%, 12/01/32 –  12/17 at 100.00  A3  431,122 
  AMBAC Insured       
1,000  Cleveland, Ohio, Waterworks First Mortgage Revenue Refunding and Improvement Bonds, Series  No Opt. Call  Aa2  1,148,690 
  1993G, 5.500%, 1/01/21 – NPFG Insured       
40  Cleveland, Ohio, Waterworks First Mortgage Revenue Refunding and Improvement Bonds, Series  1/10 at 100.00  Aa2  40,085 
  1996H, 5.750%, 1/01/26 – NPFG Insured       
1,220  Hamilton, Ohio, Wastewater System Revenue Bonds, Series 2005, 5.250%, 10/01/22 – FSA Insured  10/15 at 100.00  Aa3  1,305,424 
200  Marysville, Ohio, Wastewater Treatment System Revenue Bonds, Series 2007, 5.000%, 12/01/37 –  12/17 at 100.00  A–  191,296 
  SYNCORA GTY Insured       
525  Ohio Water Development Authority, Revenue Bonds, Drinking Water Assistance Fund, State Match,  6/18 at 100.00  AAA  567,042 
  Series 2008, 5.000%, 6/01/28 – FSA Insured       
1,500  Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Water  6/15 at 100.00  AAA  1,616,175 
  Quality Project, Series 2005B, 5.000%, 6/01/25       
4,915  Total Water and Sewer      5,299,834 
$     242,705  Total Investments (cost $217,290,522) – 144.8%      224,783,909 
  Other Assets Less Liabilities – 2.2%      3,409,155 
  Preferred Shares, at Liquidation Value – (47.0)% (5)      (73,000,000)
  Net Assets Applicable to Common Shares – 100%      $ 155,193,064 

 

 
 
 
 
Fair Value Measurements
 
In determining the value of the Fund's investments various inputs are used. These inputs are 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 methodology 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 November 30, 2009:
 
  Level 1 Level 2 Level 3 Total
Investments:         
Municipal Bonds  $ —  $224,783,909  $ —  $224,783,909 

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 November 30, 2009, the cost of investments was $217,132,737.
 
Gross unrealized appreciation and gross unrealized depreciation of investments at November 30, 2009, were as follows:
 
Gross unrealized:   
  Appreciation  $11,418,402 
  Depreciation  (3,767,230)
Net unrealized appreciation (depreciation) of investments  $  7,651,172 

(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 higher of Standard & Poor's Group ("Standard & Poor's") or Moody's Investor Service, 
  Inc. ("Moody's") rating. Ratings below BBB by Standard & Poor's or Baa by Moody's are considered to be 
  below investment grade. 
(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. Such investments are normally considered to 
  be equivalent to AAA rated securities. 
(5)  Preferred Shares, at Liquidation Value as a percentage of Total Investments is 32.5%. 
N/R  Not rated. 
(ETM)  Escrowed to maturity. 
(IF)  Inverse floating rate investment. 

 
 
 


 
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 Ohio Quality Income Municipal Fund, Inc. 
 
By (Signature and Title)      /s/ Kevin J. McCarthy                    
                                                Kevin J. McCarthy
                                                Vice President and Secretary
 
Date         January 29, 2010        
 
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         January 29, 2010        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                               Stephen D. Foy
                                               Vice President and Controller (principal financial officer) 
 
Date        January 29, 2010