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Bail to Be Set at $50k

We spoke with Ira Judelson -- who's become the NYC bail bondsman to the stars (Ja Rule, Katt Williams, Lawrence Taylor) -- who tells us Conor's bail package is as follows:

Conor pays $50k bond to be released on bail and must report to Ira once a week by phone otherwise the court could take his passport.

Conor is allowed to travel but all travel must be pre-approved by Ira. No ankle bracelet. Conor gets to keep his passport.

The bail package is expected to become official when the arraignment begins in just a few minutes -- but the judge could always pull a last second audible .