The Latest on severe weather: Tropical Storm Bill weakens to depression, dumps rain on Texas

In this photo provided by the Arkansas Highway and Transportation Department a section of Arkansas State Highway 23, also known as the Pig Trail, is washed out near Cass, Ark., Tuesday, June 16, 2015. Heavy rains along the Pig Trail Scenic Byway have undermined the road bed and forced highway officials to close it for the second time in a month. (Arkansas Highway and Transportation Department Photo by Chad Davis via AP) (The Associated Press)

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Port Lavaca Mayor Jack Whitlow surveys damage to a park as Tropical Storm Bill passes over, Tuesday, June 16, 2015, in Port Lavaca, Texas. The storm came ashore shortly before noon along Matagorda Island with maximum sustained winds of 60 mph, according to the National Hurricane Center in Miami. (AP Photo/Eric Gay) (The Associated Press)

Port Lavaca Mayor Jack Whitlow surveys damage to a park pier as Tropical Storm Bill passes over, Tuesday, June 16, 2015, in Port Lavaca, Texas. The storm came ashore shortly before noon along Matagorda Island with maximum sustained winds of 60 mph, according to the National Hurricane Center in Miami. (AP Photo/Eric Gay) (The Associated Press)

12:55 a.m. CDT

Tropical Storm Bill has lost strength and been downgraded to a depression as it dumps rain on Central Texas.

Just before 1 a.m. Wednesday, the National Hurricane Center said the center of the depression was located about 40 miles east of Austin.

Bill was moving northward at 13 mph and was expected to continue in that direction later Wednesday with a turn to the northeast on Thursday.

The center says maximum sustained winds have decreased to about 35 mph.

The system was expected to weaken further over the next 48 hours, though it was still likely to bring 4 to 8 inches of rain to eastern Texas and Oklahoma. Western Arkansas and southern Missouri could see 3 to 6 inches.

The tropical storm warning along the Texas Gulf Coast has been canceled.