The Grand Parkway Association is a non-profit State Transportation Corporation authorized by the Texas Department of Transportation minute order number 82325 on October 25, 1984.

It was established to facilitate the efficient development of Houston’s third outer highway loop to serves the regional mobility needs of metropolitan Houston area. The Association operates on funds received from various sources including TxDOT, METRO, Harris County, Fort Bend County, Chambers County, Galveston County, and Brazoria County.

The Association is governed by a seven member board of directors appointed by the Texas Transportation Commission and is required to make semi-annual reports to TxDOT concerning the status of various project segments together with financial information.

The Current members of the Grand Parkway Association Board of Directors are:

William F. “Billy” Burge IIII – President
Lori Klein Quinn – Vice President
David Gornet - Executive Director
Ed Poole – Secretary-Treasurer
Robert C. “Bob” Brown III
John Chiang
Guy B. Harrell
Hans C. "Chris" Olavson