N-Q 1 nq1.htm NUF Form N-Q

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         811-6382         

        Nuveen Florida 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:            6/30          

Date of reporting period:         3/31/07         

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 Florida Quality Income Municipal Fund (NUF)             
    March 31, 2007             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 
    Education and Civic Organizations – 14.3% (8.4% of Total Investments)             
    Broward County Educational Facilities Authority, Florida, Revenue Bonds, Nova Southeastern             
    University, Series 2004B:             
$         1,000     5.500%, 4/01/24    4/14 at 100.00    BBB   $   1,063,820 
500     5.625%, 4/01/34    4/14 at 100.00    BBB    532,235 
2,000    Florida Board of Education, Lottery Revenue Bonds, Series 2001B, 5.000%, 7/01/20 – FGIC Insured    7/11 at 101.00    AAA    2,111,560 
14,985    Florida State Board of Education, State University System Revenue Bonds, Series 2006A,    7/15 at 101.00    AAA    15,889,495 
     5.000%, 7/01/30 – FGIC Insured (UB)             
2,580    Florida State Education System, Housing Facility Revenue Bonds, Florida International    No Opt. Call    AAA    2,785,549 
     University, Series 2004A, 5.000%, 7/01/14 – MBIA Insured             
2,345    FSU Financial Assistance Inc., Florida, General Revenue Bonds, Educational and Athletic    10/14 at 100.00    AAA    2,512,972 
     Facilities Improvements, Series 2004, 5.000%, 10/01/16 – AMBAC Insured             
3,905    Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of    4/14 at 100.00    AAA    4,156,170 
     Miami, Series 2004A, 5.000%, 4/01/20 – AMBAC Insured             
2,275    University of Central Florida, Certificates of Participation, Athletic Association, Series    10/14 at 100.00    AAA    2,423,535 
     2004A, 5.125%, 10/01/21 – FGIC Insured             
29,590    Total Education and Civic Organizations            31,475,336 
    Health Care – 15.3% (9.0% of Total Investments)             
1,000    Brevard County Health Facilities Authority, Florida, Revenue Bonds, Health First Inc. Project,    4/16 at 100.00    A    1,034,060 
     Series 2005, 5.000%, 4/01/34             
1,500    Citrus County Hospital Board, Florida, Revenue Refunding Bonds, Citrus Memorial Hospital,    8/13 at 100.00    Baa3    1,641,675 
     Series 2002, 6.375%, 8/15/32             
    Halifax Hospital Medical Center, Florida, Revenue Bonds, Series 2006:             
1,000     5.250%, 6/01/26    6/16 at 100.00    BBB+    1,053,860 
3,000     5.000%, 6/01/38    6/16 at 100.00    BBB+    3,065,100 
1,000    Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist    11/15 at 100.00    A+    1,029,960 
     Health System, Series 2005C, 5.000%, 11/15/31             
    Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, Tampa             
    General Hospital, Series 2003B:             
500     5.250%, 10/01/28    10/13 at 100.00    A3    521,800 
1,590     5.250%, 10/01/34    10/13 at 100.00    A3    1,654,316 
1,180    Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, Tampa    10/16 at 100.00    A3    1,246,410 
     General Hospital, Series 2006, 5.250%, 10/01/41             
2,000    Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Refunding    10/13 at 100.00    A3    2,088,340 
     Bonds, Tampa General Hospital, Series 2003A, 5.250%, 10/01/24             
8,500    Jacksonville Economic Development Commission, Florida, Healthcare Facilities Revenue Bonds,    11/11 at 101.00    AA    9,075,279 
     Mayo Clinic, Series 2001A, 5.500%, 11/15/36             
3,000    Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Medical Center, Series    11/16 at 100.00    A2    3,088,800 
     2006, 5.000%, 11/15/32             
3,500    Lee Memorial Health System, Florida, Hospital Revenue Bonds, Series 2007A, 5.000%, 4/01/32    4/17 at 100.00    A    3,609,830 
     (WI/DD, Settling 4/04/07)             
3,430    Leesburg, Florida, Hospital Revenue Refunding Bonds, Leesburg Regional Medical Center Project,    No Opt. Call    BBB+    3,552,211 
     Series 2003, 5.000%, 7/01/12             
825    North Broward Hospital District, Florida, Revenue and Improvement Bonds, Series 2001,    1/11 at 101.00    A–    878,460 
     6.000%, 1/15/31             
32,025    Total Health Care            33,540,101 
    Housing/Multifamily – 9.1% (5.3% of Total Investments)             
    Broward County Housing Finance Authority, Florida, GNMA Collateralized Multifamily Housing             
    Revenue Refunding Bonds, Tamarac Pointe Apartments, Series 1996:             
1,500     6.250%, 7/01/26    7/07 at 101.00    AAA    1,530,300 
1,000     6.300%, 1/01/32    7/07 at 101.00    AAA    1,018,460 
120    Florida Housing Finance Agency, General Mortgage Revenue Refunding Bonds, Series 1992A,    6/07 at 100.00    AA    122,423 
     6.400%, 6/01/24             
1,000    Florida Housing Finance Agency, Housing Revenue Bonds, Holly Cove Apartments, Series 1995F,    4/07 at 101.00    AAA    1,006,490 
     6.150%, 10/01/25 – AMBAC Insured (Alternative Minimum Tax)             
5,790    Florida Housing Finance Corporation, FNMA Revenue Bonds, Villa de Mallorca Apartments, Series    10/10 at 102.00    Aaa    6,075,447 
     2000H-1, 6.000%, 7/01/33 (Alternative Minimum Tax)             
3,170    Florida Housing Finance Corporation, Housing Revenue Refunding Bonds, Hunters Ridge at    12/08 at 102.00    AA    3,202,239 
     Deerwood Apartments, Series 1998-0, 5.300%, 12/01/28             
3,630    Miami-Dade County Housing Finance Authority, Florida, Multifamily Housing Revenue Bonds,    1/11 at 102.00    AAA    3,812,988 
     Sunset Bay Apartments, Series 2000-5A, 5.950%, 7/01/30 – FSA Insured (Alternative Minimum Tax)             
3,240    Pinellas County Housing Finance Authority, Florida, Multifamily Housing Revenue Bonds, Emerald    1/08 at 100.00    AAA    3,264,430 
     Bay Apartments, Series 1998A, 5.000%, 4/01/28 (Mandatory put 4/01/08) (Alternative Minimum Tax)             
19,450    Total Housing/Multifamily            20,032,777 
    Housing/Single Family – 1.0% (0.6% of Total Investments)             
530    Broward County Housing Finance Authority, Florida, Single Family Mortgage Revenue Bonds,    4/10 at 25.36    Aaa    113,696 
     Series 2001C, 0.000%, 4/01/33 (Alternative Minimum Tax)             
380    Broward County Housing Finance Authority, Florida, Single Family Mortgage Revenue Refunding    4/09 at 25.51    Aaa    84,558 
     Bonds, Series 2000B, 0.000%, 4/01/29 (Alternative Minimum Tax)             
285    Florida Housing Finance Agency, GNMA Collateralized Home Ownership Revenue Refunding Bonds,    No Opt. Call    AAA    300,213 
     Series 1987G-1, 8.595%, 11/01/17             
1,000    Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2006-6, 4.625%,    1/16 at 100.00    Aa1    988,430 
     7/01/31 (Alternative Minimum Tax)             
70    Lee County Housing Finance Authority, Florida, Single Family Mortgage Revenue Bonds,    9/07 at 105.00    Aaa    71,006 
     Multi-County Program, Series 1997A, Subseries 1, 7.200%, 3/01/27 (Alternative Minimum Tax)             
30    Miami-Dade County Housing Authority, Florida, Home Owner Mortgage Revenue Bonds, Series    4/08 at 101.50    Aaa    30,446 
     1999A-1, 5.550%, 10/01/19 (Alternative Minimum Tax)             
535    Orange County Housing Finance Authority, Florida, Single Family Mortgage Revenue Bonds, Series    4/07 at 101.00    AAA    540,901 
     1996A, 6.300%, 4/01/28 (Alternative Minimum Tax)             
2,830    Total Housing/Single Family            2,129,250 
    Long-Term Care – 4.8% (2.8% of Total Investments)             
7,285    Atlantic Beach, Florida, Healthcare Facilities Revenue Refunding Bonds, Fleet Landing Project,    10/09 at 101.00    A    7,605,686 
     Series 1999, 5.750%, 10/01/18 – ACA Insured             
    St. John’s County Industrial Development Authority, Florida, First Mortgage Revenue Bonds,             
    Presbyterian Retirement Communities, Series 2004A:             
1,125     5.850%, 8/01/24    8/14 at 101.00    N/R    1,223,438 
1,570     5.625%, 8/01/34    8/14 at 101.00    N/R    1,645,376 
9,980    Total Long-Term Care            10,474,500 
    Materials – 2.3% (1.3% of Total Investments)             
4,600    Hillsborough County Industrial Development Authority, Florida, Exempt Facilities Remarketed    4/10 at 101.00    N/R    4,996,152 
     Revenue Bonds, National Gypsum Company, Apollo Beach Project, Series 2000B, 7.125%, 4/01/30             
     (Alternative Minimum Tax)             
    Tax Obligation/General – 9.3% (5.4% of Total Investments)             
15,925    Florida State Board of Education, Full Faith and Credit Public Education Capital Outlay Bonds,    6/12 at 101.00    AAA    16,949,931 
     Series 2002B, 5.000%, 6/01/20 – MBIA Insured             
3,240    Reedy Creek Improvement District, Orange and Osceola Counties, Florida, General Obligation    4/14 at 100.00    AAA    3,446,356 
     Bonds, Series 2004A, 5.000%, 6/01/22 – MBIA Insured             
19,165    Total Tax Obligation/General            20,396,287 
    Tax Obligation/Limited – 44.5% (26.2% of Total Investments)             
1,000    Alachua County School Board, Florida, Certificates of Participation, Series 2001, 5.000%,    7/11 at 101.00    Aaa    1,047,860 
     7/01/21 – AMBAC Insured             
2,675    Bartram Springs Community Development District, Duval County, Florida, Special Assessment    5/16 at 100.00    N/R    2,585,869 
     Bonds, Series 2006, 4.750%, 5/01/34             
1,055    Bay County School Board, Florida, Certificates of Participation, Series 2004, 5.000%,    7/14 at 100.00    Aaa    1,108,246 
     7/01/24 – AMBAC Insured             
3,870    Broward County School Board, Florida, Certificates of Participation, Series 2004C, 5.250%,    7/14 at 100.00    AAA    4,167,913 
     7/01/20 – FSA Insured             
1,500    Collier County, Florida, Capital Improvement Revenue Bonds, Series 2005, 5.000%, 10/01/23 –    10/14 at 100.00    AAA    1,584,945 
     MBIA Insured             
1,290    Escambia County, Florida, Tourist Development Revenue Refunding Bonds, Series 2002, 5.000%,    10/12 at 100.00    AAA    1,367,207 
     10/01/18 – MBIA Insured             
8,425    Florida Department of Environmental Protection, Florida Forever Revenue Bonds, Series 2003C,    7/13 at 101.00    AAA    8,993,772 
     5.000%, 7/01/19 – AMBAC Insured (UB)             
    Florida Municipal Loan Council, Revenue Bonds, Series 2000B:             
1,040     0.000%, 11/01/25 – MBIA Insured    No Opt. Call    AAA    465,681 
1,590     0.000%, 11/01/26 – MBIA Insured    No Opt. Call    AAA    679,232 
3,000    Florida State Department of Management Services, Certificates of Participation, Series 2006A,    8/15 at 101.00    AAA    3,184,800 
     5.000%, 8/01/23 – MBIA Insured             
1,430    Jacksonville, Florida, Better Jacksonville Sales Tax Revenue Bonds, Series 2001, 5.000%,    10/11 at 100.00    AAA    1,493,778 
     10/01/23 – AMBAC Insured             
2,090    Jacksonville, Florida, Better Jacksonville Sales Tax Revenue Bonds, Series 2003, 5.000%,    10/13 at 100.00    AAA    2,212,307 
     10/01/22 – MBIA Insured             
3,145    Jacksonville, Florida, Excise Taxes Revenue Refunding Bonds, Series 2003C, 5.250%, 10/01/18 –    10/13 at 100.00    AAA    3,344,079 
     MBIA Insured (Alternative Minimum Tax)             
2,230    Jacksonville, Florida, Guaranteed Entitlement Revenue Refunding and Improvement Bonds, Series    10/12 at 100.00    AAA    2,363,466 
     2002, 5.000%, 10/01/21 – FGIC Insured             
2,750    Jacksonville, Florida, Local Government Sales Tax Revenue Refunding and Improvement Bonds,    10/12 at 100.00    AAA    2,959,000 
     Series 2002, 5.375%, 10/01/17 – FGIC Insured             
1,000    Jacksonville, Florida, Local Government Sales Tax Revenue Refunding Bonds, Series 2001,    No Opt. Call    AAA    1,112,830 
     5.500%, 10/01/14 – FGIC Insured             
    Lake County School Board, Florida, Certificates of Participation, Series 2004A:             
1,190     5.000%, 7/01/20 – AMBAC Insured    7/14 at 100.00    AAA    1,255,391 
1,340     5.000%, 7/01/22 – AMBAC Insured    7/14 at 100.00    AAA    1,410,189 
1,470     5.000%, 7/01/24 – AMBAC Insured    7/14 at 100.00    AAA    1,544,191 
5,130    Manatee County School District, Florida, Sales Tax Revenue Bonds, Series 2003, 5.000%,    10/13 at 100.00    AAA    5,484,791 
     10/01/17 – AMBAC Insured             
    Miami-Dade County, Florida, Beacon Tradeport Community Development District, Special             
    Assessment Bonds, Commercial Project, Series 2002A:             
1,975     5.500%, 5/01/22 – RAAI Insured    5/12 at 102.00    AA    2,129,524 
850     5.625%, 5/01/32 – RAAI Insured    5/12 at 102.00    AA    918,884 
2,475    Northern Palm Beach County Improvement District, Florida, Revenue Bonds, Water Control and    8/10 at 102.00    AA    2,674,584 
     Improvement Development Unit 19, Series 2000, 6.100%, 8/01/21 – RAAI Insured             
2,000    Opa-Locka, Florida, Capital Improvement Revenue Bonds, Series 1994, 6.125%, 1/01/24 –    7/07 at 100.00    AAA    2,003,820 
     FGIC Insured             
8,000    Orange County School Board, Florida, Certificates of Participation, Series 2006A,    8/16 at 100.00    AAA    8,423,280 
     5.000%, 8/01/30 – FGIC Insured (UB)             
2,440    Orange County School Board, Florida, Certificates of Participation, Series 2004A, 5.000%,    8/14 at 100.00    Aaa    2,569,100 
     8/01/22 – AMBAC Insured             
    Orange County, Florida, Sales Tax Revenue Bonds, Series 2002A:             
1,665     5.125%, 1/01/20 – FGIC Insured    1/13 at 100.00    AAA    1,776,605 
3,400     5.125%, 1/01/23 – FGIC Insured    1/13 at 100.00    AAA    3,608,964 
2,040    Palm Beach County School Board, Florida, Certificates of Participation, Series 2002D, 5.250%,    8/12 at 100.00    AAA    2,173,436 
     8/01/21 – FSA Insured             
1,500    Palm Beach County School Board, Florida, Certificates of Participation, Series 2004A, 5.000%,    8/14 at 100.00    AAA    1,579,365 
     8/01/22 – FGIC Insured             
1,350    Port St. Lucie, Florida, Sales Tax Revenue Bonds, Series 2003, 5.000%, 9/01/21 – MBIA Insured    9/13 at 100.00    AAA    1,439,262 
825    Rivercrest Community Development District, Florida, Special Assessment Bonds, Series 2007,    5/18 at 100.00    AA    861,028 
     5.000%, 5/01/30 – RAAI Insured             
5,000    Sumter County, Florida, Capital Improvement Revenue Bonds, Series 2006, 5.000%, 6/01/36 –    6/16 at 100.00    AAA    5,276,200 
     AMBAC Insured             
11,815    Volusia County School Board, Florida, Sales Tax Revenue Bonds, Series 2002, 5.375%, 10/01/14 –    10/12 at 100.00    AAA    12,779,930 
     FSA Insured             
1,000    Volusia County, Florida, Tax Revenue Bonds, Tourist Development, Series 2004, 5.000%,    12/14 at 100.00    Aaa    1,056,970 
     12/01/24 – FSA Insured             
93,555    Total Tax Obligation/Limited            97,636,499 
    Transportation – 39.0% (22.9% of Total Investments)             
2,225    Broward County, Florida, Airport System Revenue Bonds, Series 2001J-1, 5.250%, 10/01/21 –    10/11 at 101.00    AAA    2,337,274 
     AMBAC Insured (Alternative Minimum Tax)             
12,000    Dade County, Florida, Aviation Revenue Bonds, Series 1996A, 5.750%, 10/01/26 – MBIA Insured    4/07 at 102.00    AAA    12,255,359 
     (Alternative Minimum Tax)             
3,500    Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 1997,    10/07 at 101.00    AAA    3,554,600 
     5.250%, 10/01/23 – FGIC Insured (Alternative Minimum Tax)             
4,000    Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2002B,    10/12 at 100.00    AAA    4,162,160 
     5.125%, 10/01/21 – FSA Insured (Alternative Minimum Tax)             
2,500    Lee County, Florida, Airport Revenue Bonds, Series 2006, 5.000%, 10/01/33 – FSA Insured    10/15 at 100.00    AAA    2,619,000 
1,000    Lee County, Florida, Transportation Facilities Revenue Bonds, Series 2004B, 5.000%, 10/01/14 –    No Opt. Call    AAA    1,081,770 
     AMBAC Insured             
    Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series 2004B:             
3,955     5.250%, 7/01/17 – FGIC Insured    7/14 at 100.00    AAA    4,315,340 
2,000     5.250%, 7/01/18 – FGIC Insured    7/14 at 100.00    AAA    2,170,340 
2,000     5.000%, 7/01/23 – FGIC Insured    7/14 at 100.00    AAA    2,109,900 
17,430    Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series 2006,    7/16 at 100.00    AAA    18,468,305 
     5.000%, 7/01/31 – AMBAC Insured (UB)             
2,000    Miami-Dade County Expressway Authority, Florida, Toll System Revenue Refunding Bonds, Series    7/11 at 101.00    Aaa    2,111,560 
     2001, 5.000%, 7/01/21 – FGIC Insured             
12,820    Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2005A,    10/15 at 100.00    AAA    13,360,748 
     5.000%, 10/01/38 – CIFG Insured (UB)             
7,500    Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 1998A,    10/08 at 101.00    AAA    7,638,300 
     5.000%, 10/01/24 – FGIC Insured (Alternative Minimum Tax)             
4,000    Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 1998C,    10/08 at 101.00    AAA    4,074,920 
     5.000%, 10/01/23 – MBIA Insured (Alternative Minimum Tax)             
5,000    Tampa-Hillsborough County Expressway Authority, Florida, Revenue Bonds, Series 2005, 5.000%,    7/15 at 101.00    AAA    5,433,900 
     7/01/16 – AMBAC Insured             
81,930    Total Transportation            85,693,476 
    U.S. Guaranteed – 14.4% (8.4% of Total Investments) (4)             
1,500    Bradford County Health Facility Authority, Florida, Revenue Refunding Bonds, Santa Fe    No Opt. Call    AAA    1,687,395 
     Healthcare Inc., Series 1993, 6.050%, 11/15/16 (ETM)             
750    Gainesville, Florida, Utilities System Revenue Bonds, Series 2003A, 5.250%, 10/01/21    10/13 at 100.00    AA (4)    816,420 
     (Pre-refunded 10/01/13)             
2,600    Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist    11/11 at 101.00    A+ (4)    2,869,802 
     Health System/Sunbelt Obligated Group, Series 2001A, 6.000%, 11/15/31 (Pre-refunded 11/15/11)             
8,175    North Broward Hospital District, Florida, Revenue and Improvement Bonds, Series 2001, 6.000%,    1/11 at 101.00    A– (4)    8,903,556 
     1/15/31 (Pre-refunded 1/15/11)             
5,000    Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist Health    11/12 at 101.00    A+ (4)    5,413,550 
     System/Sunbelt Obligated Group, Series 2002, 5.250%, 11/15/18 (Pre-refunded 11/15/12)             
3,000    Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Regional    12/12 at 100.00    A (4)    3,301,290 
     Healthcare System, Series 2002, 5.750%, 12/01/32 (Pre-refunded 12/01/12)             
2,070    Orlando Utilities Commission, Florida, Water and Electric Revenue Refunding Bonds, Series    10/11 at 101.00    Aa1 (4)    2,222,621 
     2001, 5.250%, 10/01/17 (Pre-refunded 10/01/11)             
1,225    Orlando Utilities Commission, Florida, Water and Electric Revenue Refunding Bonds, Series    10/12 at 100.00    Aa1 (4)    1,320,330 
     2002C, 5.250%, 10/01/17 (Pre-refunded 10/01/12)             
4,625    South Broward Hospital District, Florida, Hospital Revenue Bonds, Series 2002, 5.625%, 5/01/32    5/12 at 101.00    AA– (4)    5,069,185 
     (Pre-refunded 5/01/12)             
28,945    Total U.S. Guaranteed            31,604,149 
    Utilities – 9.9% (5.8% of Total Investments)             
4,800    Hillsborough County Industrial Development Authority, Florida, Pollution Control Revenue    10/12 at 100.00    Baa2    5,007,648 
     Bonds, Tampa Electric Company Project, Series 2002, 5.100%, 10/01/13             
9,440    JEA St. John’s River Power Park System, Florida, Revenue Refunding Bonds, Issue 2, Series    10/11 at 100.00    Aa2    9,884,906 
     2002-17, 5.000%, 10/01/15             
1,220    Orlando Utilities Commission, Florida, Water and Electric Revenue Refunding Bonds, Series    10/11 at 101.00    Aa1    1,303,924 
     2001, 5.250%, 10/01/17             
445    Orlando Utilities Commission, Florida, Water and Electric Revenue Refunding Bonds, Series    10/12 at 100.00    Aa1    475,856 
     2002C, 5.250%, 10/01/17             
3,000    Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2002II, 5.125%, 7/01/26 –    7/12 at 101.00    AAA    3,198,810 
     FSA Insured             
650    Reedy Creek Improvement District, Florida, Utility Revenue Bonds, Series 2005-1, 5.000%,    10/15 at 100.00    AAA    689,481 
     10/01/25 – AMBAC Insured             
1,170    Tallahassee, Florida, Consolidated Utility System Revenue Bonds, Series 2005, 5.000%,    10/15 at 100.00    AAA    1,242,797 
     10/01/25 – AMBAC Insured             
20,725    Total Utilities            21,803,422 
    Water and Sewer – 6.7% (3.9% of Total Investments)             
1,500    Hollywood, Florida, Water and Sewer Revenue Refunding and Improvement Bonds, Series 2003,    10/13 at 100.00    Aaa    1,600,980 
     5.000%, 10/01/20 – FSA Insured             
    JEA, Florida, Water and Sewerage System Revenue Bonds, Series 2004A:             
3,235     5.000%, 10/01/18 – FGIC Insured    10/13 at 100.00    AAA    3,453,945 
5,090     5.000%, 10/01/19 – FGIC Insured    10/13 at 100.00    AAA    5,434,491 
3,000     5.000%, 10/01/23 – FGIC Insured    10/13 at 100.00    AAA    3,172,050 
1,065    Lee County Industrial Development Authority, Florida, Utilities Revenue Bonds, Bonita Springs    11/12 at 100.00    AAA    1,115,364 
     Utilities Inc. Project, Series 2002, 5.000%, 11/01/19 – MBIA Insured (Alternative Minimum Tax)             
13,890    Total Water and Sewer            14,776,830 
$      356,685    Total Investments (cost $360,778,683) – 170.6%            374,558,779 
    Floating Rate Obligations – (18.7%)            (41,110,000) 
    Other Assets Less Liabilities – 1.4%            3,072,751 
    Preferred Shares, at Liquidation Value – (53.3)%            (117,000,000) 
    Net Assets Applicable to Common Shares – 100%           $   219,521,530 

(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 or Moody’s rating. Ratings below BBB by Standard & 
    Poor’s Group or Baa by Moody’s Investor Service, Inc. 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. 
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 pursuant to the 
    provisions of SFAS No. 140. 

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 the treatment of paydown gains and losses, timing differences in recognizing taxable market discount and timing differences in recognizing certain gains and losses on investment transactions, and the treatment of investments in inverse floating rate transactions subject to SFAS No. 140.

At March 31, 2007, the cost of investments was $319,662,732.

Gross unrealized appreciation and gross unrealized depreciation of investments at March 31, 2007, were as follows:

Gross unrealized:     
  Appreciation    $13,940,446 
  Depreciation    (154,827) 
Net unrealized appreciation (depreciation) of investments    $13,785,619 

Item 2. Controls and Procedures.

  1. 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)).
  2. 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: 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 Florida Quality Income Municipal Fund        

By (Signature and Title)*          /s/ Kevin J. McCarthy                    
                                                    Kevin J. McCarthy
                                                    Vice President and Secretary

Date         May 30, 2007        

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         May 30, 2007        

By (Signature and Title)*         /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                   Vice President and Controller (principal financial officer) 

Date        May 30, 2007        

* Print the name and title of each signing officer under his or her signature.