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:            4/30          

Date of reporting period:         7/31/07         

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)             
    July 31, 2007             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 

    Education and Civic Organizations – 12.6% (7.3% 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   $   1,036,580 
500     5.625%, 4/01/34    4/14 at 100.00    BBB    516,635 
2,000    Florida Board of Education, Lottery Revenue Bonds, Series 2001B, 5.000%, 7/01/20 – FGIC Insured    7/11 at 101.00    AAA    2,074,380 
14,985    Florida State Board of Education, State University System Revenue Bonds, Series 2006A,    7/15 at 101.00    AAA    15,557,727 
     5.000%, 7/01/30 – FGIC Insured (UB)             
2,580    Florida State Education System, Housing Facility Revenue Bonds, Florida International    No Opt. Call    AAA    2,744,888 
     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    2,476,273 
     Facilities Improvements, Series 2004, 5.000%, 10/01/16 – AMBAC Insured             
2,275    University of Central Florida, Certificates of Participation, Athletic Association, Series    10/14 at 100.00    AAA    2,378,854 
     2004A, 5.125%, 10/01/21 – FGIC Insured             

25,685    Total Education and Civic Organizations            26,785,337 

    Health Care – 16.0% (9.3% of Total Investments)             
1,000    Brevard County Health Facilities Authority, Florida, Revenue Bonds, Health First Inc. Project,    4/16 at 100.00    A    999,200 
     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    1,611,585 
     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+    1,019,390 
3,240     5.000%, 6/01/38    6/16 at 100.00    BBB+    3,152,876 
1,000    Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist    11/15 at 100.00    A+    1,002,210 
     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    507,190 
1,590     5.250%, 10/01/34    10/13 at 100.00    A3    1,604,453 
1,180    Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, Tampa    10/16 at 100.00    A3    1,189,735 
     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    2,036,200 
     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    8,956,620 
     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    2,993,370 
     2006, 5.000%, 11/15/32             
3,430    Leesburg, Florida, Hospital Revenue Refunding Bonds, Leesburg Regional Medical Center Project,    No Opt. Call    BBB+    3,523,776 
     Series 2003, 5.000%, 7/01/12             
4,750    Marion County Hospital District, Florida, Revenue Bonds, Munroe Regional Medical Center,    10/17 at 100.00    A2    4,711,288 
     Series 2007, 5.000%, 10/01/34             
825    North Broward Hospital District, Florida, Revenue and Improvement Bonds, Series 2001,    1/11 at 101.00    A2    864,237 
     6.000%, 1/15/31             

33,515    Total Health Care            34,172,130 

    Housing/Multifamily – 9.3% (5.4% 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    1/08 at 101.00    AAA    1,516,650 
1,000     6.300%, 1/01/32    1/08 at 101.00    AAA    1,011,030 
120    Florida Housing Finance Agency, General Mortgage Revenue Refunding Bonds, Series 1992A,    12/07 at 100.00    AA    122,232 
     6.400%, 6/01/24             
1,000    Florida Housing Finance Agency, Housing Revenue Bonds, Holly Cove Apartments, Series 1995F,    10/07 at 100.00    AAA    1,001,450 
     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    5,974,527 
     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    3,177,133 
     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    3,743,946 
     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    3,252,863 
     Bay Apartments, Series 1998A, 5.000%, 4/01/28 (Mandatory put 4/01/08) (Alternative Minimum Tax)             

19,450    Total Housing/Multifamily            19,799,831 

    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    114,602 
     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    86,465 
     Bonds, Series 2000B, 0.000%, 4/01/29 (Alternative Minimum Tax)             
260    Florida Housing Finance Agency, GNMA Collateralized Home Ownership Revenue Refunding Bonds,    No Opt. Call    AAA    273,234 
     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    938,030 
     7/01/31 (Alternative Minimum Tax)             
70    Lee County Housing Finance Authority, Florida, Single Family Mortgage Revenue Bonds,    9/07 at 105.00    Aaa    70,947 
     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    30,282 
     1999A-1, 5.550%, 10/01/19 (Alternative Minimum Tax)             
535    Orange County Housing Finance Authority, Florida, Single Family Mortgage Revenue Bonds, Series    10/07 at 101.00    AAA    538,670 
     1996A, 6.300%, 4/01/28 (Alternative Minimum Tax)             

2,805    Total Housing/Single Family            2,052,230 

    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    7,500,126 
     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    1,198,946 
1,570     5.625%, 8/01/34    8/14 at 101.00    N/R    1,612,704 

9,980    Total Long-Term Care            10,311,776 

    Materials – 2.3% (1.3% of Total Investments)             
4,600    Hillsborough County Industrial Development Authority, Florida, Exempt Facilities Remarketed Revenue    4/10 at 101.00    N/R    4,901,852 
     Bonds, National Gypsum Company, Apollo Beach Project, Series 2000B, 7.125%, 4/01/30             
     (Alternative Minimum Tax)             

    Tax Obligation/General – 9.4% (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    16,598,150 
     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    3,379,612 
     Bonds, Series 2004A, 5.000%, 6/01/22 – MBIA Insured             

19,165    Total Tax Obligation/General            19,977,762 

    Tax Obligation/Limited – 45.7% (26.4% of Total Investments)             
1,000    Alachua County School Board, Florida, Certificates of Participation, Series 2001, 5.000%,    7/11 at 101.00    Aaa    1,032,930 
     7/01/21 – AMBAC Insured             
3,000    Bartram Springs Community Development District, Duval County, Florida, Special Assessment    5/16 at 100.00    N/R    2,723,490 
     Bonds, Series 2006, 4.750%, 5/01/34             
1,055    Bay County School Board, Florida, Certificates of Participation, Series 2004, 5.000%, 7/01/24 –    7/14 at 100.00    Aaa    1,089,499 
     AMBAC Insured             
3,870    Broward County School Board, Florida, Certificates of Participation, Series 2004C, 5.250%,    7/14 at 100.00    AAA    4,093,725 
     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    1,558,920 
     MBIA Insured             
1,290    Escambia County, Florida, Tourist Development Revenue Refunding Bonds, Series 2002, 5.000%,    10/12 at 100.00    AAA    1,341,974 
     10/01/18 – MBIA Insured             
8,425    Florida Department of Environmental Protection, Florida Forever Revenue Bonds, Series 2003C,    7/13 at 101.00    AAA    8,853,496 
     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    447,075 
1,590     0.000%, 11/01/26 – MBIA Insured    No Opt. Call    AAA    650,151 
3,000    Florida State Department of Management Services, Certificates of Participation, Series 2006A,    8/15 at 101.00    AAA    3,124,650 
     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    1,473,229 
     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    2,168,856 
     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    3,299,923 
     MBIA Insured (Alternative Minimum Tax)             
2,230    Jacksonville, Florida, Guaranteed Entitlement Revenue Refunding and Improvement Bonds, Series    10/12 at 100.00    AAA    2,316,680 
     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    2,918,438 
     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    1,095,210 
     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    1,236,089 
1,340     5.000%, 7/01/22 – AMBAC Insured    7/14 at 100.00    AAA    1,387,047 
1,470     5.000%, 7/01/24 – AMBAC Insured    7/14 at 100.00    AAA    1,518,069 
5,130    Manatee County School District, Florida, Sales Tax Revenue Bonds, Series 2003, 5.000%,    10/13 at 100.00    AAA    5,411,073 
     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    2,072,901 
850     5.625%, 5/01/32 – RAAI Insured    5/12 at 102.00    AA    889,211 
1,200    North Dade Community Development District, Florida, Special Assessment Bonds, Series 2007A,    5/17 at 100.00    N/R    1,199,172 
     5.350%, 5/01/38 (WI/DD, Settling 8/13/07)             
2,475    Northern Palm Beach County Improvement District, Florida, Revenue Bonds, Water Control and    8/10 at 102.00    AA    2,643,077 
     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 –    1/08 at 100.00    AAA    2,003,700 
     FGIC Insured             
8,000    Orange County School Board, Florida, Certificates of Participation, Series 2006A, 5.000%,    8/16 at 100.00    AAA    8,248,560 
     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    2,526,644 
     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    1,742,556 
3,400     5.125%, 1/01/23 – FGIC Insured    1/13 at 100.00    AAA    3,539,128 
2,040    Palm Beach County School Board, Florida, Certificates of Participation, Series 2002D, 5.250%,    8/12 at 100.00    AAA    2,140,388 
     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    1,553,265 
     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    1,409,238 
825    Rivercrest Community Development District, Florida, Special Assessment Bonds, Series 2007,    5/18 at 100.00    AA    834,174 
     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    5,163,700 
     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    12,601,052 
     FSA Insured             
1,000    Volusia County, Florida, Tax Revenue Bonds, Tourist Development, Series 2004, 5.000%, 12/01/24 –    12/14 at 100.00    Aaa    1,039,420 
     FSA Insured             

95,080    Total Tax Obligation/Limited            97,346,710 

    Transportation – 39.6% (22.9% of Total Investments)             
2,225    Broward County, Florida, Airport System Revenue Bonds, Series 2001-J1, 5.250%, 10/01/21 –    10/11 at 101.00    AAA    2,299,471 
     AMBAC Insured (Alternative Minimum Tax)             
12,000    Dade County, Florida, Aviation Revenue Bonds, Series 1996A, 5.750%, 10/01/26 – MBIA Insured    10/07 at 101.00    AAA    12,199,920 
     (Alternative Minimum Tax)             
3,500    Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 1997,    10/07 at 101.00    AAA    3,539,970 
     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    4,110,160 
     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    2,569,850 
1,000    Lee County, Florida, Transportation Facilities Revenue Bonds, Series 2004B, 5.000%, 10/01/14 –    No Opt. Call    AAA    1,065,570 
     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    4,247,314 
2,000     5.250%, 7/01/18 – FGIC Insured    7/14 at 100.00    AAA    2,132,260 
2,000     5.000%, 7/01/23 – FGIC Insured    7/14 at 100.00    AAA    2,076,260 
17,430    Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series 2006,    7/16 at 100.00    AAA    18,096,175 
     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    2,074,380 
     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    13,008,069 
     5.000%, 10/01/38 – CIFG Insured (Alternative Minimum Tax) (UB)             
7,500    Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 1998A,    10/08 at 101.00    AAA    7,584,825 
     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    4,047,560 
     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    5,346,600 
     7/01/16 – AMBAC Insured             

81,930    Total Transportation            84,398,384 

    U.S. Guaranteed – 16.9% (9.7% of Total Investments) (4)             
1,500    Bradford County Health Facility Authority, Florida, Revenue Refunding Bonds, Santa Fe    No Opt. Call    AAA    1,664,940 
     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)    806,468 
     (Pre-refunded 10/01/13)             
2,600    Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist    11/11 at 101.00    A+ (4)    2,836,106 
     Health System/Sunbelt Obligated Group, Series 2001A, 6.000%, 11/15/31 (Pre-refunded 11/15/11)             
3,580    Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of    4/14 at 100.00    AAA    3,805,791 
     Miami, Series 2004A, 5.000%, 4/01/20 (Pre-refunded 4/01/14) – AMBAC Insured             
8,175    North Broward Hospital District, Florida, Revenue and Improvement Bonds, Series 2001, 6.000%,    1/11 at 101.00    A2 (4)    8,800,469 
     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    A2 (4)    5,356,550 
     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)    3,262,470 
     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)    2,201,838 
     2001, 5.250%, 10/01/17 (Pre-refunded 10/01/11)             
2,000    Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2002II, 5.125%, 7/01/26    7/12 at 101.00    AAA    2,140,420 
     (Pre-refunded 7/01/12) – FSA Insured             
4,625    South Broward Hospital District, Florida, Hospital Revenue Bonds, Series 2002, 5.625%, 5/01/32    5/12 at 101.00    AA– (4)    5,013,408 
     (Pre-refunded 5/01/12)             

33,300    Total U.S. Guaranteed            35,888,460 

    Utilities – 8.7% (5.0% of Total Investments)             
4,800    Hillsborough County Industrial Development Authority, Florida, Pollution Control Revenue    10/12 at 100.00    Baa2    4,934,256 
     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    9,836,386 
     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    1,290,345 
     2001, 5.250%, 10/01/17             
445    Orlando Utilities Commission, Florida, Water and Electric Revenue Refunding Bonds, Series    10/12 at 100.00    Aa1    469,689 
     2002C, 5.250%, 10/01/17             
650    Reedy Creek Improvement District, Florida, Utility Revenue Bonds, Series 2005-1, 5.000%,    10/15 at 100.00    AAA    676,702 
     10/01/25 – AMBAC Insured             
1,170    Tallahassee, Florida, Consolidated Utility System Revenue Bonds, Series 2005, 5.000%, 10/01/25 –    10/15 at 100.00    AAA    1,218,064 
     AMBAC Insured             

17,725    Total Utilities            18,425,442 

    Water and Sewer – 6.8% (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    1,566,585 
     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    3,387,563 
5,090     5.000%, 10/01/19 – FGIC Insured    10/13 at 100.00    AAA    5,318,745 
3,000     5.000%, 10/01/23 – FGIC Insured    10/13 at 100.00    AAA    3,111,027 
1,065    Lee County Industrial Development Authority, Florida, Utilities Revenue Bonds, Bonita Springs    11/12 at 100.00    AAA    1,090,077 
     Utilities Inc. Project, Series 2002, 5.000%, 11/01/19 – MBIA Insured (Alternative Minimum Tax)             

13,890    Total Water and Sewer            14,473,997 

$      357,125    Total Long-Term Investments (cost $360,840,004) – 173.1%            368,533,911 


    Short-Term Investments – 0.0% (0.0% of Total Investments)             
$               50    Puerto Rico Government Development Bank, Adjustable Refunding Bonds, Variable Rate Demand        A-1+    50,000 
     Obligations, Series 1985, 3.490%, 12/01/15 – MBIA Insured (5)             


    Total Short-Term Investments (cost $50,000)            50,000 

    Total Investments (cost $360,890,004) – 173.1%            368,583,911 

    Floating Rate Obligations – (19.3)%            (41,110,000) 

    Other Assets Less Liabilities – 1.2%            2,446,718 

    Preferred Shares, at Liquidation Value – (55.0)%            (117,000,000) 

    Net Assets Applicable to Common Shares – 100%           $   212,920,629 



    The Fund may invest in “zero coupon” securities. A zero coupon security does not pay a regular interest 
    coupon to its holders during the life of the security. Tax-exempt income to the holder of the security 
    comes from accretion of the difference between the original purchase price of the security at issuance 
    and the par value of the security at maturity and is effectively paid at maturity. Such securities are 
    included in the portfolio with a 0.00% coupon rate in their description. The market prices of zero coupon 
    securities generally are more volatile than the market prices of securities that pay interest periodically. 
(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. 
(5)    Investment has a maturity of more than one year, but has variable rate and demand features which 
    qualify it as a short-term investment. The rate disclosed is that in effect at the end of the reporting period. 
    This rate changes periodically based on market conditions or a specified market index. 
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 July 31, 2007, the cost of investments was $319,773,943.

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


Gross unrealized:     
  Appreciation    $ 9,064,557 
  Depreciation    (1,364,800) 

Net unrealized appreciation (depreciation) of investments    $ 7,699,757 



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         September 28, 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         September 28, 2007        

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

Date        September 28, 2007        

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