We had a previous contest for a logo a couple months back, but due to lack of interest, it went belly-up. We added about 6x the members now on http://www.texas-ubuntu.org (and I know that they aren't the only Ubuntu'ers in Texas ;-) ) since the last contest, so maybe we can get some steam going on it. Also, I have decided to make it a bit more interesting. Whoever has the winning logo will get to choose one item from the Canonical Store as their prize. And that includes any of the expensive stuff (like the backpack).
So please, if you think have the skillz to make an awesome logo for the Texas team, join up on the site. The contest can be found here.