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:         5/31/11         
 
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) 
      
   
May 31, 2011 
      
Principal 
    
Optional Call 
    
Amount (000) 
  
Description (1) 
Provisions (2) 
Ratings (3) 
Value 
   
Consumer Staples – 7.0% (4.9% of Total Investments) 
      
   
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue 
      
   
Bonds, Senior Lien, Series 2007A-2: 
      
$    6,230 
  
5.875%, 6/01/30 
6/17 at 100.00 
Baa3 
$   4,562,415 
1,650 
  
5.750%, 6/01/34 
6/17 at 100.00 
Baa3 
1,149,687 
7,255 
  
5.875%, 6/01/47 
6/17 at 100.00 
Baa3 
4,974,753 
115 
  
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, 
5/12 at 100.00 
BBB 
101,814 
   
Series 2002, 5.375%, 5/15/33 
      
15,250 
  
Total Consumer Staples 
    
10,788,669 
   
Education and Civic Organizations – 13.8% (9.6% of Total Investments) 
      
1,650 
  
Ohio Higher Education Facilities Commission, General Revenue Bonds, Kenyon College, Series 
7/16 at 100.00 
A+ 
1,624,689 
   
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 
1,841,910 
   
2003, 5.125%, 10/01/24 
      
1,000 
  
Ohio Higher Education Facilities Commission, Revenue Bonds, Wittenberg University, Series 
12/15 at 100.00 
Baa2 
890,190 
   
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 
2,445,483 
   
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 
1,484,618 
   
5.000%, 11/01/21 
      
1,320 
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, University of Dayton, Series 
12/14 at 100.00 
A 
1,349,726 
   
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 
1,010,270 
   
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– 
1,507,515 
   
2006, 5.000%, 12/01/44 – NPFG Insured 
      
2,000 
  
Ohio State Higher Educational Facility Commission, Higher Education Facility Revenue Bonds, 
11/18 at 100.00 
A– 
2,136,580 
   
Xavier University 2008C, 5.750%, 5/01/28 
      
550 
  
Ohio State University, General Receipts Bonds, Series 2003B, 5.250%, 6/01/22 
6/13 at 100.00 
Aa1 
586,438 
1,510 
  
University of Akron, Ohio, General Receipts Bonds, Series 2003A, 5.000%, 1/01/21 – 
1/13 at 100.00 
A1 
1,543,492 
   
AMBAC Insured 
      
850 
  
University of Cincinnati, Ohio, General Receipts Bonds, Series 2003C, 5.000%, 6/01/22 – 
6/13 at 100.00 
A+ 
865,819 
   
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+ 
1,293,516 
2,605 
  
5.000%, 6/01/25 – AMBAC Insured 
6/14 at 100.00 
A+ 
2,656,918 
20,770 
  
Total Education and Civic Organizations 
    
21,237,164 
   
Energy – 0.2% (0.1% of Total Investments) 
      
250 
  
Virgin Islands Public Finance Authority, Refinery Facilities Revenue Bonds, Hovensa Coker 
1/13 at 100.00 
Baa3 
245,803 
   
Project, Senior Lien Series 2002, 6.500%, 7/01/21 (Alternative Minimum Tax) 
      
   
Health Care – 27.7% (19.3% of Total Investments) 
      
2,000 
  
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities Revenue 
11/11 at 100.00 
Baa1 
1,953,380 
   
Bonds, Summa Health System, Series 1998A, 5.375%, 11/15/24 
      
1,000 
  
Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Healthcare Partners, Series 
6/20 at 100.00 
AA– 
983,000 
   
2010A, 5.250%, 6/01/38 
      
3,000 
  
Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010, 5.500%, 11/01/40 
11/20 at 100.00 
BBB+ 
2,584,200 
3,405 
  
Butler County, Ohio, Hospital Facilities Revenue Bonds, Cincinnati Children’s Medical Center 
5/16 at 100.00 
N/R 
2,899,187 
   
Project, Series 2006K, 5.000%, 5/15/31 – FGIC Insured 
      
1,000 
  
Cuyahoga County, Ohio, Hospital Revenue Refunding and Improvement Bonds, MetroHealth 
8/11 at 100.00 
A2 
1,001,650 
   
System, 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 
2,073,240 
   
6.000%, 1/01/32 
      
180 
  
Franklin County, Ohio, Hospital Revenue Bonds, Holy Cross Health System Corporation, Series 
6/11 at 100.00 
AA 
180,041 
   
1998, 5.000%, 6/01/28 – NPFG Insured 
      
   
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project, 
      
   
Improvement Series 2009: 
      
250 
  
5.000%, 11/01/34 
11/19 at 100.00 
Aa2 
245,588 
300 
  
5.250%, 11/01/40 
11/19 at 100.00 
Aa2 
299,538 
1,200 
  
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project, Series 
11/18 at 100.00 
Aa2 
1,153,512 
   
2005, 5.000%, 11/01/40 
      
   
Hamilton County, Ohio, Revenue Bonds, Children’s Hospital Medical Center, Series 2004J: 
      
2,455 
  
5.250%, 5/15/16 – FGIC Insured 
5/14 at 100.00 
BBB 
2,537,144 
1,260 
  
5.125%, 5/15/28 (WI/DD, Settling 6/01/11) – FGIC Insured 
5/14 at 100.00 
BBB 
1,134,970 
1,000 
  
Hancock County, Ohio, Hospital Revenue Bonds, Blanchard Valley Regional Health Center, Series 
6/21 at 100.00 
A3 
1,008,130 
   
2011A, 6.250%, 12/01/34 
      
1,000 
  
Lorain County, Ohio, Hospital Revenue Refunding and Improvement Bonds, Catholic Healthcare 
10/12 at 100.00 
AA– 
1,002,920 
   
Partners, Refunding Series 2002, 5.375%, 10/01/30 
      
   
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 1999: 
      
2,075 
  
5.375%, 11/15/29 – AMBAC Insured 
11/11 at 100.00 
AA– 
2,077,054 
140 
  
5.375%, 11/15/39 – AMBAC Insured 
11/11 at 100.00 
AA– 
139,895 
   
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 2008D: 
      
90 
  
5.000%, 11/15/38 
11/18 at 100.00 
AA– 
85,244 
40 
  
5.125%, 11/15/40 
11/18 at 100.00 
AA– 
38,443 
2,665 
  
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 
11/21 at 100.00 
AA– 
2,811,015 
   
2011A, 6.000%, 11/15/41 
      
785 
  
Miami County, Ohio, Hospital Facilities Revenue Refunding Bonds, Upper Valley Medical Center 
5/16 at 100.00 
A– 
816,706 
   
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 
1,506,390 
2,500 
  
5.000%, 5/01/32 
No Opt. Call 
AA 
2,504,600 
1,350 
  
Montgomery County, Ohio, Revenue Bonds, Miami Valley Hospital, Series 2009A, 6.250%, 11/15/39 
11/14 at 100.00 
Aa3 
1,401,179 
95 
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, University Hospitals Health 
No Opt. Call 
AA+ 
95,338 
   
System Inc., Series 2007A, 5.250%, 1/15/46 – BHAC Insured 
      
   
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Cleveland Clinic 
      
   
Health System Obligated Group, Series 2008A: 
      
1,315 
  
5.000%, 1/01/25 
1/18 at 100.00 
Aa2 
1,369,546 
50 
  
5.250%, 1/01/33 
1/18 at 100.00 
Aa2 
50,692 
1,200 
  
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Summa Health 
5/20 at 100.00 
AA+ 
1,145,688 
   
System Project, Series 2010, 5.250%, 11/15/40 – AGM Insured 
      
1,500 
  
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, University 
1/15 at 100.00 
A 
1,547,310 
   
Hospitals Health System, Series 2009, 6.750%, 1/15/39 
      
1,000 
  
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System 
1/19 at 100.00 
Aa2 
1,019,810 
   
Obligated Group, Series 2009A, 5.500%, 1/01/39 
      
   
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System 
      
   
Obligated Group, Tender Option Bond Trust 3551: 
      
375 
  
20.008%, 1/01/17 (IF) 
No Opt. Call 
Aa2 
394,740 
2,700 
  
20.065%, 1/01/33 (IF) 
1/19 at 100.00 
Aa2 
2,913,948 
1,100 
  
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System 
No Opt. Call 
Aa2 
1,187,164 
   
Obligated Group, Tender Option Bond Trust 3591, 20.222%, 1/01/17 (IF) 
      
830 
  
Richland County, Ohio, Hospital Facilities Revenue Improvement Bonds, MedCentral Health System 
11/12 at 100.00 
A– 
838,806 
   
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– 
1,127,880 
   
5.250%, 11/15/36 
      
600 
  
Ross County, Ohio, Hospital Revenue Refunding Bonds, Adena Health System Series 2008, 
12/18 at 100.00 
A 
601,812 
   
5.750%, 12/01/35 
      
43,160 
  
Total Health Care 
    
42,729,760 
   
Housing/Multifamily – 5.6% (3.9% of Total Investments) 
      
1,385 
  
Clermont County, Ohio, GNMA Collateralized Mortgage Revenue Bonds, S.E.M. Villa II Project, 
8/11 at 100.00 
Aaa 
1,385,983 
   
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 
2,511,704 
2,250 
  
5.450%, 1/20/31 (Alternative Minimum Tax) 
7/11 at 102.00 
Aaa 
2,254,320 
800 
  
Montgomery County, Ohio, GNMA Guaranteed Multifamily Housing Revenue Bonds, Canterbury Court 
10/18 at 101.00 
Aa1 
803,440 
   
Project, Series 2007, 5.500%, 10/20/42 (Alternative Minimum Tax) 
      
735 
  
Ohio Housing Finance Agency, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Madonna 
6/16 at 102.00 
AAA 
671,349 
   
Homes, Series 2006M, 4.900%, 6/20/48 (Alternative Minimum Tax) 
      
1,100 
  
Summit County Port Authority, Ohio, Multifamily Housing Revenue Bonds, Callis Tower Apartments 
9/17 at 102.00 
AAA 
1,065,779 
   
Project, Series 2007, 5.250%, 9/20/47 (Alternative Minimum Tax) 
      
8,745 
  
Total Housing/Multifamily 
    
8,692,575 
   
Housing/Single Family – 0.7% (0.5% of Total Investments) 
      
1,090 
  
Ohio Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2006H, 5.000%, 
9/15 at 100.00 
Aaa 
1,056,177 
   
9/01/31 (Alternative Minimum Tax) 
      
   
Industrials – 1.1% (0.8% of Total Investments) 
      
725 
  
Cleveland-Cuyahoga County Port Authority, Ohio, Development Revenue Bonds, Bond Fund Program – 
11/15 at 100.00 
BBB– 
643,198 
   
Columbia National Group Project, Series 2005D, 5.000%, 5/15/20 (Alternative Minimum Tax) 
      
1,110 
  
Cleveland-Cuyahoga County Port Authority, Ohio, Development Revenue Bonds, Jergens Inc., 
11/11 at 100.00 
BBB– 
1,049,572 
   
Series 1998A, 5.375%, 5/15/18 (Alternative Minimum Tax) 
      
1,835 
  
Total Industrials 
    
1,692,770 
   
Long-Term Care – 1.0% (0.7% of Total Investments) 
      
490 
  
Franklin County, Ohio, Healthcare Facilities Revenue Bonds, Ohio Presbyterian Retirement 
7/21 at 100.00 
BBB 
489,236 
   
Services, Improvement Series 2010A, 5.625%, 7/01/26 
      
1,165 
  
Montgomery County, Ohio, Health Care and Multifamily Housing Revenue Bonds, Saint Leonard, 
4/20 at 100.00 
BBB– 
1,108,265 
   
Refunding & improvement Series 2010, 6.625%, 4/01/40 
      
1,655 
  
Total Long-Term Care 
    
1,597,501 
   
Materials – 1.4% (1.0% of Total Investments) 
      
2,000 
  
Toledo-Lucas County Port Authority, Ohio, Port Revenue Bonds, Cargill Inc., Series 2004B, 
No Opt. Call 
A 
2,144,560 
   
4.500%, 12/01/15 
      
   
Tax Obligation/General – 35.0% (24.4% 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 
Aa1 
1,458,491 
1,200 
  
5.000%, 12/01/22 – NPFG Insured 
12/12 at 101.00 
Aa1 
1,287,060 
1,500 
  
Centerville City School District, Montgomery County, Ohio, General Obligation Bonds, Series 
6/15 at 100.00 
Aa1 
1,547,940 
   
2005, 5.000%, 12/01/30 – AGM Insured 
      
1,000 
  
Central Ohio Solid Waste Authority, General Obligation Bonds, Series 2004A, 5.000%, 12/01/15 – 
6/14 at 100.00 
AAA 
1,102,550 
   
AMBAC Insured 
      
1,000 
  
Cleveland Municipal School District, Cuyahoga County, Ohio, General Obligation Bonds, Series 
6/14 at 100.00 
AA+ 
1,061,990 
   
2004, 5.000%, 12/01/22 – AGM Insured 
      
3,000 
  
Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Series 2006, 
No Opt. Call 
AA+ 
1,205,970 
   
0.000%, 12/01/28 – AGM Insured 
      
1,200 
  
Cuyahoga County, Ohio, General Obligation Bonds, Series 2004, 5.000%, 12/01/21 
12/14 at 100.00 
AA+ 
1,316,292 
1,000 
  
Dayton, Ohio, General Obligation Bonds, Series 2004, 5.250%, 12/01/19 – AMBAC Insured 
6/14 at 100.00 
Aa2 
1,094,180 
1,000 
  
Dublin City School District, Franklin, Delaware and Union Counties, Ohio, General Obligation 
12/13 at 100.00 
AAA 
1,074,580 
   
Bonds, Series 2003, 5.000%, 12/01/22 – AGM Insured 
      
1,195 
  
Fairview Park City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series 
6/15 at 100.00 
Aa3 
1,249,600 
   
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 
1,964,476 
1,500 
  
Green, Ohio, General Obligation Bonds, Series 2008, 5.500%, 12/01/32 
12/15 at 100.00 
AA 
1,559,565 
1,355 
  
Grove City, Ohio, General Obligation Bonds, Construction & Improvement Series 2009, 
No Opt. Call 
Aa1 
1,426,490 
   
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 
AA+ 
7,086,968 
   
AGM Insured 
      
1,850 
  
Hilliard School District, Franklin County, Ohio, General Obligation Bonds, School 
12/15 at 100.00 
Aa1 
1,910,884 
   
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 
Aa1 
3,175,020 
   
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 
Aa3 
2,604,613 
   
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 
Aa2 
1,227,663 
   
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 
Aa2 
848,024 
   
5.000%, 12/01/25 – FGIC Insured 
      
1,585 
  
Lucas County, Ohio, General Obligation Bonds, Various Purpose Series 2010, 5.000%, 10/01/40 
10/18 at 100.00 
Aa2 
1,605,764 
505 
  
Marysville Exempted School District, Union County, Ohio, General Obligation Bonds, Series 
12/15 at 100.00 
AA+ 
524,473 
   
2006, 5.000%, 12/01/25 – AGM Insured 
      
500 
  
Mason City School District, Counties of Warren and Butler, Ohio, General Obligation Bonds, 
6/17 at 100.00 
Aaa 
523,585 
   
Series 2007, 5.000%, 12/01/31 
      
1,350 
  
Milford Exempted Village School District, Ohio, General Obligation Bonds, Series 2008, 
12/18 at 100.00 
Aa3 
1,378,931 
   
5.250%, 12/01/36 
      
640 
  
New Albany Plain Local School District, Franklin County, Ohio, General Obligation Bonds, 
6/12 at 100.00 
Aa1 
665,709 
   
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 
A1 
1,023,640 
   
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 
Aa2 
1,015,750 
   
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+ 
3,137,130 
500 
  
Olentangy Local School District, Delaware and Franklin Counties, Ohio, General Obligation 
6/18 at 100.00 
AA+ 
511,705 
   
Bonds, Series 2008, 5.000%, 12/01/36 
      
1,510 
  
Painesville City School District, Ohio, General Obligation Bonds, Series 2004, 5.000%, 
12/14 at 100.00 
A1 
1,638,078 
   
12/01/22 – FGIC Insured 
      
2,000 
  
Strongsville, Ohio, General Obligation Bonds, Series 2001, 5.000%, 12/01/21 – FGIC Insured 
12/11 at 100.00 
Aaa 
2,041,440 
70 
  
Strongsville, Ohio, Limited Tax General Obligation Various Purpose Improvement Bonds, Series 
8/11 at 100.00 
Aaa 
70,293 
   
1996, 5.950%, 12/01/21 
      
100 
  
Sylvania City School District, Ohio, General Obligation School Improvement Bonds, Series 1995, 
6/17 at 100.00 
AA+ 
102,348 
   
5.250%, 12/01/36 – AGC Insured 
      
650 
  
Vandalia Butler City School District, Montgomery County, Ohio, General Obligation Bonds, 
No Opt. Call 
AA 
668,902 
   
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 
2,701,437 
1,170 
  
5.000%, 12/01/22 – FGIC Insured 
6/14 at 100.00 
AA 
1,260,149 
1,000 
  
West Chester Township, Butler County, Ohio, General Obligation Bonds, Series 2003, 5.000%, 
12/13 at 100.00 
Aaa 
1,020,660 
   
12/01/28 – NPFG Insured 
      
53,640 
  
Total Tax Obligation/General 
    
54,092,350 
   
Tax Obligation/Limited – 16.5% (11.5% 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+ 
1,403,225 
   
AMBAC Insured 
      
4,000 
  
Cuyhoga County, Ohio, Economic Development Revenue Bonds, Federally Taxable Recovery Zone 
12/20 at 100.00 
AA 
4,202,159 
   
Facility Medical Mart- Convention Center Project, Series 2010G, 5.000%, 12/01/27 
      
3,000 
  
Franklin County Convention Facilities Authority, Ohio, Excise Tax and Lease Revenue 
12/15 at 100.00 
Aaa 
3,124,320 
   
Anticipation Bonds, 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+ 
1,173,156 
   
5.000%, 12/01/18 – FGIC Insured 
      
4,000 
  
Hamilton County, Ohio, Sales Tax Bonds, Subordinate Lien, Series 2006, 5.000%, 12/01/32 – 
12/16 at 100.00 
A1 
4,004,760 
   
AMBAC Insured 
      
1,000 
  
Hudson City School District, Ohio, Certificates of Participation, Series 2004, 5.000%, 6/01/26 – 
6/14 at 100.00 
Aa3 
1,014,870 
   
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 
A1 
1,022,280 
1,000 
  
5.500%, 10/01/17 – AMBAC Insured 
4/12 at 100.00 
A1 
1,016,600 
800 
  
Ohio State Building Authority, State Facilities Bonds, Administrative Building Fund Projects, 
4/15 at 100.00 
AA+ 
845,928 
   
Series 2005A, 5.000%, 4/01/25 – AGM Insured 
      
1,000 
  
Ohio, State Appropriation Lease Bonds, Mental Health Capital Facilities, Series 2003B-II, 
6/13 at 100.00 
AA 
1,069,510 
   
5.000%, 6/01/16 
      
23,215 
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 
No Opt. Call 
A+ 
5,077,352 
   
2009A, 0.000%, 8/01/34 
      
7,875 
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2010A, 0.000%, 
No Opt. Call 
A+ 
1,579,410 
   
8/01/35 
      
49,355 
  
Total Tax Obligation/Limited 
    
25,533,570 
   
Transportation – 3.5% (2.5% of Total Investments) 
      
3,050 
  
Dayton, Ohio, Airport Revenue Bonds, James M. Cox International Airport, Series 2003C, 5.250%, 
12/13 at 100.00 
A– 
3,078,396 
   
12/01/23 – RAAI Insured (Alternative Minimum Tax) 
      
2,000 
  
Ohio Turnpike Commission, Revenue Refunding Bonds, Series 1998A, 5.500%, 2/15/18 – FGIC Insured 
No Opt. Call 
AA 
2,380,460 
5,050 
  
Total Transportation 
    
5,458,856 
   
U.S. Guaranteed – 20.2% (14.1% 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 
Aa1 (4) 
2,198,713 
   
(Pre-refunded 12/01/12) 
      
2,600 
  
Cincinnati City School District, Hamilton County, Ohio, General Obligation Bonds, Series 2002, 
12/12 at 100.00 
AA+ (4) 
2,790,242 
   
5.250%, 6/01/21 (Pre-refunded 12/01/12) – AGM Insured 
      
1,000 
  
Dayton, Ohio, Airport Revenue Bonds, James M. Cox International Airport, Series 2005B, 5.000%, 
No Opt. Call 
A– (4) 
1,150,330 
   
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) 
2,050,020 
   
Improvement Bonds, Series 2001, 5.000%, 12/15/26 (Pre-refunded 12/15/11) – NPFG Insured 
      
2,000 
  
Louisville City School District, Ohio, General Obligation Bonds, Series 2001, 5.000%, 12/01/29 
12/11 at 100.00 
A1 (4) 
2,048,240 
   
(Pre-refunded 12/01/11) – FGIC Insured 
      
1,515 
  
Massillon City School District, Ohio, General Obligation Bonds, Series 2003, 5.250%, 12/01/21 
12/12 at 100.00 
Baa1 (4) 
1,624,656 
   
(Pre-refunded 12/01/12) – NPFG Insured 
      
760 
  
Middletown City School District, Butler County, Ohio, General Obligation Bonds, Series 2004, 
12/13 at 100.00 
N/R (4) 
839,010 
   
5.000%, 12/01/25 (Pre-refunded 12/01/13) – FGIC Insured 
      
460 
  
New Albany Plain Local School District, Franklin County, Ohio, General Obligation Bonds, 
6/12 at 100.00 
Aa1 (4) 
484,205 
   
Series 2002, 5.500%, 12/01/17 (Pre-refunded 6/01/12) – FGIC Insured 
      
2,645 
  
Ohio State Building Authority, State Facilities Bonds, Adult Correctional Building Fund 
4/14 at 100.00 
AA (4) 
2,978,825 
   
Project, Series 2004A, 5.250%, 4/01/15 (Pre-refunded 4/01/14) – NPFG Insured 
      
1,200 
  
Ohio State University, General Receipts Bonds, Series 2002A, 5.125%, 12/01/31 
12/12 at 100.00 
Aa1 (4) 
1,285,560 
   
(Pre-refunded 12/01/12) 
      
2,450 
  
Ohio State University, General Receipts Bonds, Series 2003B, 5.250%, 6/01/22 
6/13 at 100.00 
N/R (4) 
2,680,692 
   
(Pre-refunded 6/01/13) 
      
525 
  
Ohio Water Development Authority, Revenue Bonds, Drinking Water Assistance Fund, State Match, 
6/18 at 100.00 
AAA 
632,499 
   
Series 2008, 5.000%, 6/01/28 (Pre-refunded 6/01/18) – AGM Insured 
      
1,225 
  
Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Water 
6/15 at 100.00 
AAA 
1,418,232 
   
Quality Project, Series 2005B, 5.000%, 6/01/25 (Pre-refunded 6/01/15) 
      
   
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) 
1,493,038 
3,380 
  
5.250%, 12/01/24 (Pre-refunded 6/01/14) – FGIC Insured 
6/14 at 100.00 
AA+ (4) 
3,837,618 
1,000 
  
Princeton City School District, Butler County, Ohio, General Obligation Bonds, Series 2003, 
12/13 at 100.00 
AAA 
1,111,340 
   
5.000%, 12/01/30 (Pre-refunded 12/01/13) – NPFG Insured 
      
830 
  
Springfield Township, Hamilton County, Ohio, Various Purpose Limited Tax General Obligation 
12/11 at 100.00 
Aa2 (4) 
851,057 
   
Bonds, Series 2002, 5.250%, 12/01/27 (Pre-refunded 12/01/11) 
      
1,705 
  
Tuscarawas County, Ohio, Hospital Facilities Revenue Bonds, Union Hospital Project, Series 
10/11 at 101.00 
N/R (4) 
1,750,643 
   
2001, 5.750%, 10/01/21 (Pre-refunded 10/01/11) – RAAI Insured 
      
28,640 
  
Total U.S. Guaranteed 
    
31,224,920 
   
Utilities – 7.4% (5.1% of Total Investments) 
      
2,500 
  
American Municipal Power Ohio Inc., General Revenue Bonds, Prairie State Energy Campus Project 
2/18 at 100.00 
A1 
2,513,125 
   
Series 2008A, 5.250%, 2/15/43 
      
4,000 
  
American Municipal Power Ohio Inc., Wadsworth, Electric System Improvement Revenue Bonds, 
2/12 at 100.00 
A2 
4,038,000 
   
Series 2002, 5.000%, 2/15/22 – NPFG Insured 
      
   
Cleveland, Ohio, Public Power System Revenue Bonds, Series 2008B-2: 
      
2,105 
  
0.000%, 11/15/32 – NPFG Insured 
No Opt. Call 
A– 
607,840 
2,155 
  
0.000%, 11/15/34 – NPFG Insured 
No Opt. Call 
A– 
546,228 
1,250 
  
Ohio Air Quality Development Authority, Revenue Refunding Bonds, Ohio Power Company Project, 
11/11 at 100.00 
Baa1 
1,249,950 
   
Series 1999C, 5.150%, 5/01/26 – AMBAC Insured 
      
950 
  
Ohio Municipal Electric Generation Agency, Beneficial Interest Certificates, Belleville 
No Opt. Call 
A1 
350,598 
   
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 
2,095,100 
   
Hydroelectric Project – Joint Venture 5, Series 2004, 5.000%, 2/15/20 – AMBAC Insured 
      
14,960 
  
Total Utilities 
    
11,400,841 
   
Water and Sewer – 2.2% (1.6% 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 
A1 
432,726 
   
AMBAC Insured 
      
1,000 
  
Cleveland, Ohio, Waterworks First Mortgage Revenue Refunding and Improvement Bonds, Series 
No Opt. Call 
Aa1 
1,170,050 
   
1993G, 5.500%, 1/01/21 – NPFG Insured 
      
40 
  
Cleveland, Ohio, Waterworks First Mortgage Revenue Refunding and Improvement Bonds, Series 
7/11 at 100.00 
Aa1 
40,113 
   
1996H, 5.750%, 1/01/26 – NPFG Insured 
      
1,220 
  
Hamilton, Ohio, Wastewater System Revenue Bonds, Series 2005, 5.250%, 10/01/22 – AGM Insured 
10/15 at 100.00 
Aa3 
1,324,566 
200 
  
Marysville, Ohio, Wastewater Treatement System Revenue Bonds, Series 2007, 5.000%, 12/01/37 – 
12/17 at 100.00 
A– 
193,026 
   
SYNCORA GTY Insured 
      
275 
  
Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Water 
6/15 at 100.00 
AAA 
297,831 
   
Quality Project, Series 2005B, 5.000%, 6/01/25 
      
3,165 
  
Total Water and Sewer 
    
3,458,312 
$ 249,565 
  
Total Investments (cost $214,923,942) – 143.3% 
    
221,353,828 
   
Other Assets Less Liabilities – 4.0% 
    
6,068,283 
   
Auction Rate Preferred Shares, at Liquidation Value – (47.3)% (5) 
    
(73,000,000)
   
Net Assets Applicable to Common Shares – 100% 
    
$ 154,422,111 
 
 
 
 
 
 
 
 

 
Fair Value Measurements
 
 
Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:
 
 
Level 1 – Quoted prices in active markets for identical securities.
 
 
Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
 
Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
 
 
The inputs or methodologies used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of May 31, 2011:
 
         
 
Level 1 
Level 2 
Level 3 
Total 
Investments: 
        
Municipal Bonds 
$ — 
$221,353,828 
$ — 
$221,353,828 
 
 
During the period ended May 31, 2011, the Fund recognized no significant transfers to/from Level 1, Level 2 or Level 3.
 
 
Income Tax Information
 
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
 
At May 31, 2011, the cost of investments was $214,698,478.
 
 
Gross unrealized appreciation and gross unrealized depreciation of investments at May 31, 2011, were as follows:
 
   
Gross unrealized: 
  
Appreciation 
$ 8,873,749 
Depreciation 
(2,218,399)
Net unrealized appreciation (depreciation) of investments 
$ 6,655,350 
 
     
(1) 
  
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common 
   
shares unless otherwise noted. 
(2) 
  
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. 
   
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities 
   
may be subject to periodic principal paydowns. 
(3) 
  
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investor Service, Inc. 
   
(“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB 
   
by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of 
   
these national rating agencies. 
(4) 
  
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, 
   
which ensure the timely payment of principal and interest. Such investments are normally considered to be 
   
equivalent to AAA rated securities. 
(5) 
  
Auction Rate Preferred Shares, at Liquidation Value as a percentage of Total Investments is 33.0%. 
N/R 
  
Not rated. 
WI/DD 
  
Purchased on a when-issued or delayed delivery basis. 
(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         July 29, 2011        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date         July 29, 2011        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date         July 29, 2011