Until 1950 the Grand Canal Company had ownership of the canal, when the Transport Act, 1950 transferred the canal to Córas Iompair Éireann. This situation continued until the Canals Act, 1986 gave it to the Office of Public Works. Under the terms of the Good Friday Agreement of 1998, a new all-Ireland body called Waterways Ireland was established in 1999 and assumed responsibility for most inland navigable waterways including the Grand Canal.